Kohl's quarterly results miss estimates

Thursday, 14 Nov 2013 | 7:10 AM ET

Nov 14 (Reuters) - Department store chain Kohl's Corp reported weaker-than-expected third-quarter results as sales at stores open for more than a year fell 1.6 percent.

Net income fell 18 percent to $177 million, or 81 cents per share, from $215 million, or 91 cents per share, a year earlier.

Revenue fell 1 percent to $4.44 billion in the quarter ended Nov. 2.

Analysts on average were expecting the company to earn 86 cents per share, on revenue of $4.55 billion, according to Thomson Reuters I/B/E/S.

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