Target (TGT) has missed the mark with its latest earnings report. The company made 54-cents a share when estimates had been for 63-cents. Revenues were also slightly below expectations at $17.26-billion when estimates had been for $17.363-billion.
Abercrombie and Fitch (ANF) beat estimates by posting adjusted profits of 52-cents a share while experts were estimating 45-cents for the retailer. However, the unadjusted number was actually a loss of 20-cents a share. Abercrombie stock has seen a drop of over 26-percent since the beginning of the year.
Meanwhile Sears (SHLD) saw losses widen with the release of its report. It had losses of $5.03 a share missing estimates of minus $3.39. Sears posted revenue of $8.27-billion missing estimates of $8.388-billion.Read More »from Learning Earnings: Target, Sears and Abercrombie Report