By  on November 8, 2012

Kohl’s Corp. said tightly-managed expenses helped it register a 1.9 percent gain in third-quarter earnings Thursday.
For the period ended Oct. 27, the retailer reported net income of $215 million, or 91 cents a diluted share, compared with a profit of $211 million, or 80 cents, in the year-ago quarter.

Net sales increased 2.6 percent to $4.49 billion from year-ago sales of $4.38 billion.
Wall Street predicted earnings per share of 88 cents on sales of $4.47 billion.
Selling, general and administrative expenses edged up 0.6 percent to $1.08 billion, as gross margin for the quarter slid to 38.1 percent of sales versus a year-ago margin of 38.6.

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