Investing.com - U.S. retail giant Target reported second quarter earnings that were broadly in line with market expectations, despite missing on revenue figures, it announced early Wednesday.
Earlier in the day, in its second quarter earnings report, Target said earnings per share came in at USD0.95, in line with expectations.
The company’s second quarter revenue totaled USD17.12 billion, slightly below forecasts for revenue of USD17.27 billion.
The retailer added that it now sees full-year earnings per share falling in the low end of its previously set range.
Following the release of the report, Target shares dipped 0.7% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was mildly lower. The Dow Jones Industrial Average futures pointed to a loss of 0.2% at the open, S&P 500 futures dipped 0.2%, while the Nasdaq 100 futures indicated a drop of 0.2% at the open.
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Target Q2 earnings in line with expectations, but misses on revenue
Published 08/21/2013, 07:56 AM
Target Q2 earnings in line with expectations, but misses on revenue
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