Advertisement
U.S. markets close in 4 hours 22 minutes
  • S&P 500

    5,252.81
    +4.32 (+0.08%)
     
  • Dow 30

    39,772.75
    +12.67 (+0.03%)
     
  • Nasdaq

    16,396.98
    -2.54 (-0.02%)
     
  • Russell 2000

    2,128.06
    +13.71 (+0.65%)
     
  • Crude Oil

    82.63
    +1.28 (+1.57%)
     
  • Gold

    2,236.40
    +23.70 (+1.07%)
     
  • Silver

    25.00
    +0.24 (+0.98%)
     
  • EUR/USD

    1.0806
    -0.0023 (-0.22%)
     
  • 10-Yr Bond

    4.1930
    -0.0030 (-0.07%)
     
  • GBP/USD

    1.2637
    -0.0001 (-0.01%)
     
  • USD/JPY

    151.1670
    -0.0790 (-0.05%)
     
  • Bitcoin USD

    71,015.90
    +1,796.91 (+2.60%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,970.11
    +38.13 (+0.48%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Breaking: Target Stock Falls Nearly 9% on Weak Holiday Sales

By Geoffrey Smith

Investing.com -- Target (NYSE:TGT) shares fell nearly 9% in premarket trading after the company said holiday-period sales had risen only 1.4%, less than it had forecast. That was down from a 5.7% increase last year.

The company said toy sales were essentially flat, while electronics also disappointed. Beauty products and clothing performed more strongly.

Despite the disappointment, Target (NYSE:TGT) reiterated its fourth-quarter earnings guidance.

Related Articles

Target's holiday comparable sales rose marginally, shares tank

JPMorgan first major brokerage to rate Saudi Aramco 'overweight'

PNC Financial fourth-quarter profit rises 2%

Advertisement