Department store Kohl's said that fiscal fourth-quarter earnings rose to $1.66 a share from $1.40 a year earlier, in line with analysts estimates. In addition, Kohl's raised its share repurchase program by $2.6 billion to $3.5 billion and declared a quarterly dividend of 25 cents a share. Kohl's was falling 0.2% to $51.92 in premarket trading Thursday.Gold and copper producer Newmont Mining reported that fourth-quarter net income rose about 46% to $812 million, or $1.61 a share, from $558 million, or $1.13 a share, a year earlier. On an adjusted basis, earnings per share were $1.16. Sales rose about 1% to $2.55 billion from $2.52 billion. Analysts, on average, were expecting earnings of $1.13 a share on revenue of $2.57 billion. Shares of Newmont were up 1.2% to $59.79 in premarket trading Thursday.
Sears Holdings, the U.S. retailer, named Lou D'Ambrosio as CEO and president, and said profit in the fourth quarter topped analysts' estimates despite a 1.2% drop in domestic same-store sales. There were no premarket quotes on Thursday for Sears. The stock ended Wednesday's trading session at $87.23, down 3.3%.
Pay-TV provider Dish Network said fourth-quarter net income grew about 41% to $252 million, or 56 cents a share, from $179 million, or 40 cents a share, the year before. Revenue rose 8.2% to $3.21 billion from $2.96 billion. Wall Street consensus was looking for earnings of 54 cents a share on revenue of $3.21 billion. Dish Network shares were falling 10.6% to $20.51 in premarket trading Thursday.
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