Target Corporation (NYSE:TGT) reported first quarter 2022 earnings results today. Total revenue grew 4% year-over-year to $25.2 billion. Net income declined 52% to $1 billion while EPS fell 48% to $2.16. Adjusted EPS decreased 41% to $2.19. The top line beat estimates but the bottom line fell short of expectations, sending the stock crashing 22% during premarket […]
“Target Corporation (NYSE:TGT) reported first quarter 2022 earnings results today. Total revenue grew 4% year-over-year to $25.2 billion. Net income declined 52% to $1 billion while EPS fell 48% to $2.16. Adjusted EPS decreased 41% to $2.19. The top line beat estimates but the bottom line fell short of expectations, sending the stock crashing 22% during premarket […]
· May 18, 2022
Target Corporation (NYSE:TGT) reported first quarter 2022 earnings results today.
Total revenue grew 4% year-over-year to $25.2 billion.
Net income declined 52% to $1 billion while EPS fell 48% to $2.16. Adjusted EPS decreased 41% to $2.19.
The top line beat estimates but the bottom line fell short of expectations, sending the stock crashing 22% during premarket hours on Wednesday.
For the full year of 2022, the company expects low to mid single digit revenue growth.
