Target Corporation (TGT)
Target Shares Tumble 18% After Earnings Fall Short
Shares of Target dropped by 18% on Wednesday, pacing what would be the stock's worst day in more than two years after the retailer announced third-quarter earnings and revenue that fell below analyst expectations.
Target Shares Tumble 16% Premarket After Earnings Fall Short
Shares of Target dropped by 16% in premarket trading on Wednesday, pacing what would be the stock's worst day in more than two years after the retailer announced third-quarter earnings and revenue that fell below analyst expectations.
Target stock is falling: Price slashing may not be enough to improve 2024 holiday sales
Shares in Target Corporation (NYSE: TGT) have plummeted this morning in premarket trading after the company announced disappointing third-quarter results and a revised full-year outlook that did not inspire confidence in investors.
Target (TGT) Misses Q3 Earnings and Revenue Estimates
Target (TGT) came out with quarterly earnings of $1.85 per share, missing the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.10 per share a year ago.
Powell Industries Reports Weak Sales, Joins Target, QuidelOrtho And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Wednesday.
Ramirez: Target's private labels shine, but Walmart leads in groceries.
Jessica Ramirez, Senior Research Analyst at Jane Hali & Associates, discusses Walmart and Target's performance, emphasizing Walmart's strength in groceries and Target's focus on private labels and holiday traffic drivers. She notes cautious consumer spending, strategic promotions, and TJX's success in beauty amid shifting trends.
Target shares plummet in premarket trade as it posts disappointing earnings and cuts guidance
Target shares dropped sharply in premarket trade as third-quarter earnings missed Wall Street estimates. The retailer cut its full-year financial guidance and reported sales growth of just 0.3%.
Target Stock Slumps 20% as Sales, Profit Fall Short of Estimates
Target (TGT) shares tumbled 20% in premarket trading Wednesday following the release of the retailer's third-quarter earnings report, as it missed estimates for sales and profit.
Target shares drop 18% as profit falls, softness seen into holiday period
Target Corp (NYSE:TGT) shares dropped over 18% in pre-market trading on Wednesday after the retailer posted lower third-quarter profit and warned of a soft holiday period ahead. Pre-tax earnings fell by 11.6% to $1.09 billion during the third quarter, as revenue climbed by 1.1% to $25.67 billion and gross margins fell by 0.2% to 27.2%.
Target's stock rocked after triple-miss earnings report amid ‘unique' challenges
Target's stock set to suffer worst day in more than two years after profit, revenue, comparable sales and the outlook were all below expectations.
Target Shares Plunge on Earnings Miss
The retailer says spending remains sluggish for apparel, TVs and home goods.
Target forecasts muted holiday-quarter sales as budget-focused shoppers seek value
Target forecast holiday-quarter comparable sales and profit below Wall Street expectations after missing third-quarter estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers including Walmart.
