MENOMONEE FALLS, Wis. (AP) — Shares of Kohl’s Corp. rose sharply before Thursday’s opening bell after the department store chain said its first-quarter net income fell 5 percent, hurt by a slight decrease in sales, but still managed to beat Wall Street predictions.

For the quarter ended May 4, Kohl’s earned $147 million, or 66 cents per share, down from $154 million, or 63 cents per share, in the same quarter of 2012.

Recommended Stories

Tennessee’s November revenue exceeds budget estimate by $129M

Coinstar posts lower 3Q profit; shares tumble

Cincinnati Bell to spin off data center business