Google Updates Search App for iPhones, iPads: Hot Trends
For the third quarter, Kohl's estimates earnings of 83 cents to 89 cents a share, compared to analysts' estimates of 88 cents. The company cut its earnings forecast for fiscal 2012 to $4.50 to $4.65 a share, compared to its earlier estimate of $4.75 a share. Analysts expect annual earnings of $4.64.
Inventory levels plagued the retailer for the first half of the year, when it couldn't keep in-demand products on the shelves fast enough. Chairman, President and CEO Kevin Mansell said the company has made significant progress in improving inventory levels in time for the back-to-school season.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar.