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Target slides after disappointing holiday guidance (TGT)





Target

  • Target reported earnings and sales that topped estimates in the third quarter.
  • It raised its guidance for the full year, but issued a lower profit forecast for the holiday season.
  • Target shares slide after the news.
  • To see Target’s stock price, click here.

Target‘s shares slid in pre-market trading after the retailer issued an underwhelming profit forecast for the holiday season.

The company sees earnings of $1.05 to $1.25 per share in the fourth quarter, below the Wall Street estimate of $1.24. Its shares fell more than 5% after the news.

Despite the bleak forecast, the company reported better-than-expected same-store read more >>>

Source:: BusinessInsider.Com

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