UPDATE: Kohl's Posts Lower Q3 Profit, Cuts Outlook

Kohl's (NYSE: KSS ) reported an 18% drop in its third-quarter profit. Kohl's quarterly profit declined to $177 million, or $0.81 per share, from a year-ago profit of $215 million, or $$0.91 per share. Its revenue dropped to $4.44 billion from $4.49 billion. However, analysts were estimating earnings of $0.86