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

Target (TGTzodiaccasino.US) fell more than 10% to US$139.98, the largest decline since November 2022. Target's pre-market results showed that revenue for the first quarter of 2024 was US$24.53 billion, down 3.1% year-on-year; net profit was US$942 million, down 0.8% year-on-year; adjusted earnings per share was US$2.03, which fell short of market expectationszodiaccasinowas 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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