Target (TGT) Misses Q3 EPS by 62c, Revenues Beat; Not Providing Specific Guidance

Target (NYSE: TGT) reported Q3 EPS of $1.54, $0.62 worse than the analyst estimate of $2.16. Revenue for the quarter came in at $26.5 billion versus the consensus estimate of $26.39 billion.

GUIDANCE:

Based on softening sales and profit trends that emerged late in the third quarter and persisted into November, the Company believes it is prudent to plan for a wide range of sales outcomes in the fourth quarter, centered around a low-single digit decline in comparable sales, consistent with those recent trends. Similarly, the Company is now planning a wide range for its fourth quarter operating margin rate centered around 3 percent.

For earnings history and earnings-related data on Target (TGT) click here.

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