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
Transgender UK officer warns Trump of 'litigation firestorm'

Transgender UK officer warns Trump of 'litigation firestorm'..

27-Jul, 19:10

President Trump faces a "firestorm of litigation" over his proposed ban...

Australia captain Stephen Moore to quit Wallabies

Australia captain Stephen Moore to quit Wallabies..

27-Jul, 01:20

Wallabies skipper Stephen Moore has announced he will quit international...

Liam Payne shares an emotional LGBT+ message just days after Donald Trump's SHOCKING plan for ban on transgender troops

Liam Payne shares an emotional LGBT+ message just days after Donald Trump's SHOCKING plan for..

27-Jul, 20:20

Liam Payne has shared a moving and inspiring tribute with the LGBT+...

Twitter user growth stalls in second quarter

Twitter user growth stalls in second quarter..

27-Jul, 10:00

The Twitter logo at the company's headquarters in San Francisco. It seems...

ISIS leader in Afghanistan killed in April, Pentagon says

ISIS leader in Afghanistan killed in April, Pentagon says..

07-May, 17:42

The top ISIS commander in Afghanistan was killed in an April raid, the...

How the live-action 'Beauty and the Beast' is different from the original

How the live-action 'Beauty and the Beast' is different from the original..

17-Mar, 19:06

"Beauty and the Beast" is still a "tale as old as time," but the new...

Packy, Oregon's Beloved Elephant, Dies at 54

Packy, Oregon's Beloved Elephant, Dies at 54..

09-Feb, 15:22

Packy, the Asian elephant who drew international attention when he was...

4 Republican senators 'not ready to vote' for health care bill

4 Republican senators 'not ready to vote' for health care bill..

22-Jun, 15:30

Senate Republican leaders unveiled a "discussion draft" of their...