Retail
1 min read
Target Shares Plunge 20% After Missing Earnings Forecast
By UBS News Staff | Nov. 20, 2024 Target’s stock dropped over 20% on Wednesday, marking its largest earnings miss in two years. The retailer reported third-quarter earnings of $1.85 per share, falling short of analysts’ expectations of $2.30. Revenue also missed, coming in at $25.67 billion versus $25.90 billion expected. Despite significant price cuts […]