Target Down Nearly 10% After 3Q Profit Misses Expectations -- Data Talk
November 20 2018 - 12:08PM
Dow Jones News
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
November 20, 2018 11:53 ET (16:53 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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