Company news: Target’s (TGT) quarterly results miss analysts’ expectations

Target (TGT) reported Q3 FY2024 earnings of $1.85 per share (versus $2.10 per share in Q3 FY2023), missing analysts’ consensus estimate of $2.30 per share.

The company’s quarterly revenues amounted to $25.228 bln (+0.9% y/y), missing analysts’ consensus estimate of $25.868 bln.

The company issued downside EPS guidance for Q4 FY2024 of $1.85-2.45 versus analysts’ consensus estimate of $2.65.

TGT fell to $126.35 (-18.42%) in pre-market trading.