Target, Stock React
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Target shares dip after Q1 earnings and sales miss estimates, with the company slashing FY2025 outlook amid soft consumer demand.
Home Depot earnings are front and center for U.S. stock investors in what will be a busy week for reports including Target and Lowe’s and any tariff price impacts for consumers. FOX Business is providing real-time updates on the markets,
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24/7 Wall St. on MSNStock Market Live May 21: S&P 500 (VOO) Falling on Mixed Retail NewsLive Updates Live Coverage Updates appear automatically as they are published. Bond Yields Inch Higher 10:00 am Yields on 30-year and 10-year U.S. Treasury bills are moving back higher, with the 30-year once again over 5% (5.
Risk-averse investors often avoid individual stocks, even those of well-established, slow-growth companies like Target ( TGT 0.33%). Indeed, no stock is risk-free, and even the top retailers cannot completely rule out the possibility of failure, even in the case of an established company like Target.
MINNEAPOLIS — MINNEAPOLIS — Target Corp. (TGT) on Wednesday reported fiscal first-quarter earnings of $1.04 billion. The Minneapolis-based company said it had net income of $2.27 per share. Earnings, adjusted for non-recurring gains, were $1.30 per share.
Stock futures (ES=F, NQ=F, YM=F) slip further in Wednesday's pre-market trading after equities (^DJI, ^IXIC, ^GSPC) snapped their recent win streak and US bonds (^TYX, ^TNX, ^FVX) surge around the Republican tax bill being negotiated amongst Washington lawmakers.
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
Target reports Q1 financial results Tuesday. The report comes after Walmart's mixed results and the retailer saying it would raise prices to offset tariffs.