Investing.com - Target (NYSE:TGT) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.09 on revenue of $17.59B. Analysts polled by Investing.com expected EPS of $1.11 on revenue of $17.71B. That compared to EPS of $0.87 on revenue of $16.67B in the same period a year earlier. The company had reported EPS of $1.47 on revenue of $17.55B in the previous quarter.
For the year, Target shares are up 19.22%, outperforming the S&P 500 which is up 0.26% year to date.
Target follows other major Services sector earnings this month
On Thursday, October 25, 2018, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on Friday, November 2, 2018, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $52,109M
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