Target Crashes To 2016 Lows After Missing Top Line, Slashing Guidance
How is this possible? The government just told us that retail sales jumped the most in years?
Target is out with its earnings despite beating bottom line, it missed top-line and took an ax to Q2 guidance…
- *TARGET 1Q ADJ. EPS $1.29, EST. $1.19 (Good)
- *TARGET 1Q REV. $16.2B, EST. $16.3B (Bad)
- *TARGET SEES 2Q ADJ. EPS $1.00-$1.20, EST. $1.36 (Ugly)
In second quarter 2016, Target expects comparable sales of flat to down two percent, and Adjusted EPS of $1.00 to $1.20. Second quarter GAAP EPS from continuing operations will include approximately $0.17 of expense related to early debt retirement losses, and also may include the impact of certain additional discrete items which will be excluded in calculating Adjusted EPS. In the past, these items have included data breach expenses, restructuring costs and certain other items that are discretely managed. Beyond losses related to the early debt retirement, Target is not currently aware of any other material discrete items.
And the result – Target is down almost 10% in the pre-market…
~~~~~~~~~~~~~~~~~~~~~~~
I think people believe in morality more than supporting a politically mandated agenda to destroy Faith.
David DeGerolamo
Source: http://ncrenegade.com/editorial/target-crashes-to-2016-lows-after-missing-top-line-slashing-guidance/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).