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Kohl’s Boosts Forecast as Q2 Earnings Beat View (KSS)

Department store operator Kohl's Corporation ( KSS ) on Thursday said its second quarter profit rose 17% from last year, beating analyst estimates, and raised its full-year outlook.

The Monomonee Falls, WI-based company reported second quarter net income of $303 million, or $1.09 per share, compared with $260 million, or 84 cents per share, in the year-ago period.

Revenue rose nearly 4% from last year to $4.25 billion.

On average, Wall Street analysts expected a smaller profit of $1.05 per share on matching revenue of $4.25 billion.

Looking ahead, the company lifted its full-year 2011 earnings forecast to a range of $4.45 to $4.60 per share, up from prior guidance of $4.25 to $4.40.

Kohl's shares rose $1.71, or +3.9%, in premarket trading Thursday.

The Bottom Line

Shares of Kohl's ( KSS ) have a 2.26% dividend yield, based on last night's closing stock price of $44.29. The stock has technical support in the $39-$40 price area. If the shares can firm up, we see overhead resistance around the $49-$50 price levels.

Kohl's Corporation ( KSS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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