Investing.com - U.S. retail giant Target reported worse-than-expected first quarter earnings, it announced early Wednesday.
Earlier in the day, in its fourth quarter earnings report, Target said earnings per share came in at USD0.77, compared to expectations for earnings of USD0.84 per share.
The company’s first quarter revenue totaled USD16.71 billion, below market expectations for revenue of USD16.79 billion.
Following the release of the report, TGT shares lost 2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures added 0.1%, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.
Earlier in the day, in its fourth quarter earnings report, Target said earnings per share came in at USD0.77, compared to expectations for earnings of USD0.84 per share.
The company’s first quarter revenue totaled USD16.71 billion, below market expectations for revenue of USD16.79 billion.
Following the release of the report, TGT shares lost 2% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures added 0.1%, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.