FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Stock Market Report on Kohl’s Corporation, Urban Outfitters, Inc., Target Corporation and LBrands, Inc.
Kohl’s Corporation (NYSE: KSS) shares tanked by more than 16% on Tuesday after the Company reduced its outlook and missed analyst expectations with earnings of 0.74 cents on revenues of $4.36 billion
Then, Urban Outfitters, Inc. (NASDAQ: URBN) slumped more than 14% on Wednesday after it reported earnings of 56 cents per share and revenues of $987.5 million, missing analyst estimates for both figures while its same-store sales grew 3%
Conversely, Target Corporation (NYSE: TGT) surged Wednesday morning after the retailer reported an EPS of $1.36 cents and revenues of 18.67 billion dollars to beat analyst estimates, sending the stock up more than 11%
And after the market close on Wednesday, LBrands, Inc. (NYSE: LB) matched earnings estimates but fell short of revenue expectations with reported earnings of 2cents per share and revenues of $2.68 Billion, yet still managed to see its shares rally by more than 14%
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