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Target stock waffles after earnings beat by wide margin but profit outlook was below forecasts

Por: MarketWatch Business February 28, 2023

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Net income for the quarter to Jan. 28 fell to $876 million, or $1.89 a share, from $1.54 billion, or $3.21 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $1.89 was well above the FactSet consensus of $1.40. That snapped a three-quarter streak of missing profit expectations. Revenue rose 1.3% to $31.40 billion from $31.00 billion, while the FactSet consensus was for a decline to $30.68... + full article



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