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Target stock opens with steep drop Target shares plummeted 20% in early trading Wednesday. The sharp drop put the company's stock price down about 14% year-to-date.
Based on the market reaction, it seems the third quarter couldn't have gone worse for discount retailer Target (NYSE: TGT). The company missed third-quarter revenue and earnings estimates and ...
Back in its second-quarter earnings report in August, Target (NYSE: TGT) gave investors hope that it was finally turning the corner. Comparable sales rose 0.3% in the quarter as traffic was up 2.4 ...
The benchmark stock market index on the Johannesburg Stock Exchange fell by 9.3%. [265] The MERVAL on the Buenos Aires Stock Exchange fell 9.5% to 19.5% on the week. [266] 12 March was the second time, following 9 March drop, that the 7%-drop circuit breaker was triggered since being implemented in 2013. [236]
According to data from S&P Global Market Intelligence, the stock finished the month down 12%. Target was trading similarly to the S&P 500 for most of the month before plunging on its earnings report.
On 27 February, due to mounting worries about the coronavirus outbreak, various U.S. stock market indices including the NASDAQ-100, the S&P 500 Index, and the Dow Jones Industrial Average posted their sharpest falls since 2008, with the Dow falling 1,191 points, its largest one-day drop since the 2007–2008 financial crisis.
On the bottom line, Target expects its adjusted earnings per share (EPS) to grow 0% to 14% year over year in Q3 and 1% to 8.5% for the full year. That's higher than its prior full-year outlook for ...
The Dow Jones Industrial Average dropped 748 points, or 1.7%, and the Nasdaq composite tumbled 2.2%. The preliminary report from S&P Global said activity unexpectedly shrank for U.S. services ...