On Thursday, Shares of Kohl’s Corp. (NYSE:KSS), lost -8.76% to $56.11.
Kohl’s Corporation stated results for the quarter and year-to-date period ended August 1, 2015.
Dividend
On August 11, 2015, Kohl’s Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.45 per share. The dividend is payable September 23, 2015 to shareholders of record at the close of business on September 9, 2015.
Store Update
Kohl’s ended the quarter with 1,164 stores in 49 states, contrast with 1,160 stores at the same time last year.
Loss on Extinguishment of Debt and Guidance Update
As formerly stated, the Company accomplished a cash tender offer for $767 million of debt. In addition, the Company exercised its right to redeem $318 million of notes due in 2017 which were not initially tendered. The Company also issued $1.1 billion in new notes. In conjunction with the refinancing, the Company incurred a loss of about $170 million. $131 million was recognized in the second quarter of fiscal 2015 and the Company anticipates an additional $39 million to be recognized in the third quarter of fiscal 2015 when the remaining 2017 notes are settled.
Absent the effect of the loss on the extinguishment of debt, the Company now anticipates its fiscal 2015 earnings per diluted share to be at the low range of its previous guidance of $4.40 to $4.60.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
Shares of Nokia Corporation (NYSE:NOK), showed no change to $6.64, during its last trading session.
Based on Nokia Corporation’s 2011 Stock Option Plan a total of 23 908 Nokia shares were subscribed for between June 30 and August 3, 2015. The subscription price was EUR 5.76 per share for 8 908 shares and EUR 2.18 per share for 15 000 shares. The total amount of the subscription price, EUR 84 010.08, will be recorded in the fund for invested non-restricted equity and, consequently, the share capital of the company does not enhance.
The total amount of Nokia shares after registration of the shares with the Trade Register is 3 678 362 141 shares. The new shares carry all the shareholder rights as of the registration date August 7, 2015. The shares are subject to trading on Nasdaq Helsinki together with other Nokia shares (NOK1V) as of August 7, 2015. As declared on August 5, 2015 Nokia changed its stock symbol (trading code) on Nasdaq Helsinki from NOK1V to NOKIA, effective at the start of trading on Monday, August 10, 2015.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally.
Finally, PPL Corporation (NYSE:PPL), ended its last trade with -0.30% loss, and closed at $33.15.
PPL Electric Utilities has added new features to its special website for contractors, electricians and inspectors, so they can spend more time on the job – and less time on the phone.
These customers can now use http://www.pplelectric.com/contractorservices to create and track work orders for service upgrades and for Fast Track projects — service work that non-PPL electricians perform, such as meter base replacements. The upgrade also allows electrical inspectors to submit inspection results online.
Contractors, electricians and builders can already use the site to create new and temporary service work orders, track their progress, and receive email status updates when and how it is convenient for them.
The site, in place since August 2014, also allows these transactions to be accomplished anytime through computers or mobile devices.
PPL Corporation, a utility company, delivers electricity and natural gas in the United States and the United Kingdom. It serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties; and 543,000 customers in 77 Kentucky counties and 5 counties in Virginia.
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