Target Stock Loses $15.7B in Market Cap as Weak Discretionary Sales Hit Q3 Profits [Yahoo! Finance]

Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
Target Shines a Spotlight on Its Branded Side EXCLUSIVE: By/Rosie Jane Launches Menopause-inspired Functional Body Care Line Online at Target How Target Is Bucking Industry Trends and Growing in Mass Market Beauty Shares of the discounter fell 21.3 percent to $121.91 in midday trading on Wednesday after continued weakness in discretionary goods and costs to prepare for what was ultimately a short dock strike weighed on the bottom line. The fall cut Target 's market capitalization by $15.7 billion, leaving the company's outstanding shares to be valued at a total of $56.2 billion. Third-quarter profits fell 12.1 percent to $854 million, or $1.85 a diluted share, from $971 million, or $2.10 a year earlier. That put earning per share 45 cents below the $2.30 analysts forecast, according to Yahoo Finance. Revenues for the quarter ended Nov. 2 rose 1.1 percent to $26.7 billion from $25.4 billion. Comparable sales increased just 0.3 percent after a 4.9 percent comp decline a
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WMT
Earnings
- 2/20/25 - Beat
WMT
Sec Filings
- 3/10/25 - Form 4
- 3/10/25 - Form 4
- 3/10/25 - Form 4
- WMT's page on the SEC website