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-0.000662690523525499 0.000662690523525617 0 -0.000331345261762691 -0.000165672630881345 -0.00777667329357179 -0.005301524188204 0.00563286944996692
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UPDATE 4-Target profit misses estimates, outlook disappoints; shares sink [Reuters]

MACY'S (M)  More Company Research Source: Reuters
Last macy's earnings: 8/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: macysinc.com/ir
PDF Target profit misses estimates, outlook disappoints; shares sink | Reuters 4 Min Read NEW YORK (Reuters) - Target Corp ( TGT.N ) missed profit estimates for the holiday quarter on Tuesday as it invested to compete better online and in its stores and its financial outlook disappointed some investors, sending shares down 4 percent in early trading. The retailer has missed analyst earnings expectations for the fourth quarter for the past two years, and its gross margins for the holiday season were the lowest in 20 years. Looking forward, the company expects only modest comparable sales growth in the low single digits for the first quarter, with analysts expecting 2.36 percent. It expects adjusted earnings of $1.25 to $1.45 per share, against analyst estimates for $1.40 per share. The big box retailer plans to give more information at an annual investor presentation at 11.30 a.m. ET (1630 GMT). For the full year, Target reiterated its forecast from January, expecting adjusted earnings o [Read more]

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