Target rattles Wall Street with weak quarter, outlook


Target Corp. on Tuesday reported fiscal fourth-quarter net income of $817 million.

The Minneapolis-based company said it had profit of $1.45 per share.

The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The retailer posted revenue of $20.69 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $20.75 billion.

Target expects full-year earnings to be $3.80 to $4 per share.



Add Comment

all comments

  Other news

more
Londoners respond to terror attack in Westminster with solidarity

Londoners respond to terror attack in Westminster with solidarity..

23-Mar, 09:50

Londoners have paid tribute to the victims of the attack The Mayor of...

'Bed-blocking' statistics reveal areas worst affected.

'Bed-blocking' statistics reveal areas worst affected...

23-Mar, 02:08

More than 2,500 hospital beds a day are taken up by patients whose...

Wave of Anti-Semitic Threats Puts US Jewish Community on Edge 

Wave of Anti-Semitic Threats Puts US Jewish Community on Edge ..

23-Mar, 06:00

A Trump supporter named Bob, who declined to give his last name,...

Lena Dunham responds to weight loss criticism

Lena Dunham responds to weight loss criticism..

23-Mar, 01:36

She continued: "Then I had this experience of my body changing and...

Weekly claims for US unemployment benefits rise to 244,000 but still at low level

Weekly claims for US unemployment benefits rise to 244,000 but still at low level..

23-Feb, 08:38

Weekly claims for US unemployment benefits rise to 244,000 but still at...

US Business Spending Rises for 3rd Month, Boosting Factories

US Business Spending Rises for 3rd Month, Boosting Factories..

27-Jan, 08:50

U.S. businesses ramped up their investment in industrial machinery,...

Ex-pharmacy exec convicted in deadly meningitis outbreak

Ex-pharmacy exec convicted in deadly meningitis outbreak..

22-Mar, 12:56

The former head of a Massachusetts pharmacy was convicted Wednesday of...

Singderella Episode 17

Singderella Episode 17..

10-Mar, 22:14

The following Singderella Episode 17 English Sub has been released. Full...