Want to join the conversation?
$KSS posted a 17% increase in 2Q16 earnings, helped by lower SG&A expenses compared to 2Q15. Net income was $140MM or $0.77 per diluted share compared to $130MM or $0.66 per diluted share. Net sales fell 2% from last year to $4.2Bil. Adjusted net income was $221MM or $1.22 per diluted share versus $211MM or $1.07 per diluted share last year.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.