channelcatfish| Changes in U.S. stocks 丨 Target (TGT.US) fell 10%, Q1 adjusted earnings per share fell below expectations

Target (TGTchannelcatfish.US) fell more than 10% to 139channelcatfish.98 dollarschannelcatfish, the largest decline since November 2022. Target's pre-market results showed that revenue in the first quarter of 2024 was US$24.53 billion, a year-on-year decrease of 3.1%channelcatfish; Net income was US$942 million, down 0.8% year-on-year; adjusted earnings per share was US$2.03, less than market expectations of US$2.06, compared with US$2.05 in the same period last year. Target's adjusted earnings per share fell slightly below expectations, the first time in recent quarters that indicator fell below expectations. Target expects second-quarter adjusted earnings per share of $1.95 to $2.35, compared with Wall Street's forecast of $2.19.

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