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%
The NASDAQ Stock Exchange is the second-largest stock exchange in the world by market capitalization, behind only the New York Stock Exchange located in the big apple.
The New York Stock Exchange (NYSE) is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world’s largest stock exchange by market capitalization of its listed companies.
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