From Fnno.com, this is the Financial News Network. Here's a few things to watch for in the financial world today August 9.
Kohl's (NYSE:KSS) beating the street on earnings this morning despite lower sales in the second quarter. The retail chain posted a profit of $240 million, or $1 a share. This was up from the 96 cents analysts were expecting. Sales in the quarter fell 2.7% due to merchandise shortages but Kohl's said the third quarter will have a rise of 2%.
The network responsible for "Mad Men" and "The Walking Dead" posted its earnings this morning, beating analyst estimates. AMC Networks (NASDAQ:AMCX) announced it's profit rose to $41.4 million, or 57 cents a share which was in line with estimates. Revenue for the quarter rose 12.2% to $328 million, beating the consensus estimate of $324 million. The higher revenue was due to increased advertising which was caused by the critical acclaim of its original programming.
Finally, restaurant chain Jack in the Box (NASDAQ:JACK) losing ground in its third quarter but still reporting better than expected earnings. The company posted an EPS of 36 cents a share, lower than the previous year but beating the average estimate of 33 cents. Revenue for the quarter fell 3% to $502 million, below the street's estimate of $508 million. Jack in the Box CEO Linda Lang said that even though third quarter sales were down, the fourth quarter looks to be better, with same-store sales already above last quarter's results.
Those were a few things to watch out for here on the Financial News Network. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.