Target Tumbles After Cutting Guidance, Reports Poor Comps; Drags Wal-Mart Lower
by Tyler Durden
ZeroHedge.com
Jan 18, 2017
Target now expects fourth quarter comparable sales in the range of (1.5) percent to (1.0) percent, compared with prior guidance of (1.0) percent to 1.0 percent. In fourth quarter 2016, Target expects both GAAP EPS from continuing operations and Adjusted EPS of $1.45 to $1.55, compared with prior guidance of $1.55 to $1.75.
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