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Empresas y finanzas

Kohl's profit beats estimates by a penny


    BANGALORE (Reuters) - Department store chain Kohl's Corp reported a better-than-expected quarterly profit on Thursday as it drew shoppers to its stores with cheaply-priced and trendy merchandise.

    Net profit came in at $229 million, or 75 cents a share, in the second quarter ended Aug 1, compared with $236 million, or 77 cents a share, a year earlier.

    Analysts on average had expected a profit of 74 cents a share, according to Reuters Estimates.

    Net sales rose 2.2 percent to $3.8 billion.

    (Reporting by Dhanya Skariachan in Bangalore; Editing by Derek Caney)