Here’s Why Target Stock Lost More than 3% This Morning
August 17 2022 - 11:47AM
TipRanks
Retail season is shaping up to be an exciting one, and the latest
figures out of retail giant Target (TGT) will help prove that one
way or another. The news wasn't great out of Target, as the
company—up 4.57% in Tuesday's trading—slipped more than 3% as of
this writing on Wednesday. The company posted a significant miss on
earnings. Analysts' consensus looked for $0.79 per share out of
Target. Target's actual earnings? Just $0.39 per share. Revenue was
better, however, though only just. Estimates looked for $26.04
billion out of the company this quarter. That's exactly what Target
posted.
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Target (NYSE:TGT)
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