Kohl's Rises After Beating Expectations

Kohl's first-quarter earnings beat on both the top and bottom lines. Comparable sales increased 3.6%, surpassing the 2.7% estimate. Kohl's raised its full year 2018 guidance. Shares rise more than 5% before the opening bell. The mall-based retailer reported earnings of $0.64, easily surpassing the $0.50 that analysts surveyed by Bloomberg were anticipating. It also reported same store sales of 3.6%, surpassing the 2.7% estimate.