Target Down Nearly 10% After 3Q Profit Misses Expectations -- Data Talk

Target Corp. (TGT) is currently at $70.25, down $7.54 or 9.69%

-- Would be lowest close since May 11, 2018, when it closed at $70.25

-- Earlier Tuesday, the company reported third-quarter adjusted earnings of $1.09 a share on revenue of $17.59 billion, while analysts were looking for EPS of $1.11 on revenue of $17.81 billion

-- Target's weaker-than-expected gross margin of 4.6% versus the 4.8% the Street expected reminds the market of "the significant costs" to support top-line growth, says Credit Suisse

-- On pace for largest percent decrease since Nov. 15, 2017, when it fell 9.87%

-- Currently down eight consecutive days; down 19.81% over this period

-- Longest losing streak since Aug. 11, 2015, when it fell for eight straight trading days

-- Worst eight day stretch since the eight days ending Nov. 21, 2008, when it fell 21.67%

-- Down 16% month-to-date

-- Up 7.66% year-to-date; on pace for best year since 2014 when it rose 19.98%

-- Traded as low as $66.12; lowest intraday level since Jan. 5, 2018, when it hit $65.95

-- Down 15% at today's intraday low; largest intraday percent decrease since Aug. 31, 2000, when it fell as much as 16.63%

-- Second worst performer in the S&P 500 today

All data as of 11:22:51 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires