Kohl's (KSS) Reports 28% Rise In Profit

Shares of Kohl's Corporation (NYSE: KSS) were up nearly 5% for the day in afternoon trading after the company reported a 28% increase in profit.

Kohl's Corporation reported on Thursday 4th quarter net income of $431 million, or $1.40 per share, compared to a profit of $336 million, or $1.10 per share, for the same quarter a year earlier.

Sales were $5.68 billion, up from $5.24 billion.

Comparable sales were up 4.5%.

A survey of analysts by FactSet Research showed an average earnings expectation of $1.36 per share.