Top 5 Losers Today

4. Kohl’s Corporation (NYSE:KSS)

Number of Hedge Fund Holders: 40

Kohl’s Corporation (NYSE:KSS) managed to beat financial expectations for the third quarter. However, it withdrew its financial outlook for the full year, citing macroeconomic challenges, volatile business trends and unexpected leadership changes. As a result, its shares slightly moved down this morning.

For the third quarter, Kohl’s Corporation (NYSE:KSS) reported adjusted earnings of 82 cents per share, significantly lower than $1.65 per share in the year-ago period. Revenue also declined 7 percent versus last year to $4.28 billion. Nevertheless, the results were better than analysts’ average estimate for earnings of 77 cents per share on revenue of $4.06 billion.

Among other updates, Kohl’s Corporation (NYSE:KSS) announced that its board has constituted a search team to supervise the search for a new chief executive officer.