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22.05.2024
Company news: Target’s (TGT) quarterly results miss analysts’ estimates
Target (TGT) reported Q1 FY2024 earnings of $2.03 per share (versus $2.05 per share in Q1 FY2023), missing analysts’ consensus estimate of $2.06 per share.
The company’s quarterly revenues amounted to $24.143 bln (-3.2% y/y), missing analysts’ consensus estimate of $24.518 bln.
The company also issued in-line Q2 FY2024 EPS guidance of $1.95-2.35 versus analysts’ consensus estimate of $2.20 and reaffirmed its FY2024 EPS guidance of $8.60-9.60 versus analysts’ consensus estimate of $9.49.
TGT fell to $143.00 (-8.20%) in pre-market trading.
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