Kohl's Shares Rise 17% On Strong Q2 Profit Growth

(RTTNews) - Kohl's Corp. (KSS) climbed 19.13 percent to $15.53, up $2.49 on Wednesday, after reporting stronger earnings for the second quarter. The retailer posted net income of $153 million, more than double the $66 million it earned a year earlier, though net sales slipped to $3.35 billion from $3.53 billion. The stock opened at $16.45 and traded between $15.23 and $16.83 during the session, compared with a prior close of $13.04. Trading volume surged to 29.2 million shares, well above the average of 12.4 million. Kohl's shares are currently trading closer to the upper end of their 52-week range of $6.04 to $21.39.