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Target Tumbled Nearly 25% in Morning Trading After Its Q2 Earnings Guidance Missed Forecasts

Tiger Newspress2022-05-18

Target tumbled nearly 25% in morning trading after its Q2 earnings guidance missed forecasts.It reported an adjusted profit of 68 cents a share on $11.4 billion in revenue. Analysts surveyed by FactSet were expecting earnings per share of 60 cents on sales of $11.6 billion.

For the second quarter of fiscal 2023, the company is expecting U.S. comparable sales to be down between 1% and 3%, while earnings per share could be between 65 and 69 cents, below estimates for 72 cents a share.

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  • Wafu
    ·2022-05-19
    Like please
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  • Wafu
    ·2022-05-19
    Like
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  • Bharatt
    ·2022-05-19
    Okay....
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  • Looyusooi
    ·2022-05-19
    Ok
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  • BKT
    ·2022-05-18
    Good. Pls like thanks.
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  • Lao Tzu Ang
    ·2022-05-18
    Trend of excessive punishment. Doesn't make sense at all.
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  • KYLeong
    ·2022-05-18
    Goodness[Cry] 
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  • Lao Tzu Ang
    ·2022-05-18
    Trend of excessive punishment. It doesn't make sense at all!
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  • DannyOkay
    ·2022-05-18
    Oh no
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  • CIG
    ·2022-05-18
    Another recommended stock which I didn't listen to those rubbish.
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