28-02-2017 13:14 via feedproxy.google.com

Target tumbles 13% after missing on earnings and guidance (TGT)

Shares of Target were down 13.5% ahead of the opening bell on Tuesday after the big-box retailer missed on earnings and guidance.
The company said it earned an adjusted $1.45 a share on revenue of $20.69 billion. While the adjusted EPS was shy of the $1.51 that was expected by the Wall Street consensus, revenue was in line.
"Our fourth-quarter results reflect the impact of rapidly changing consumer behavior, which drove very strong digital growth but unexpected softness in our stores," Brian Cor
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