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EARNINGS: Kohl's beats on profits, stock stuck in trading range

Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after the department store retailer announced first quarter earnings that beat on net income and revenue, as well as topping Wall Street estimates for comparable sales.

UPDATE: Traders initially bought the news, but sold the stock after the CFO said on the earnings call that the second quarter faces "headwinds."