Investing.com - Target (NYSE:TGT) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Target announced earnings per share of $3.19 on revenue of $31B. Analysts polled by Investing.com anticipated EPS of $2.85 on revenue of $31.36B.
Target shares are down 13.68% from the beginning of the year and are trading at $199.77 , down-from-52-week-high.They are under-performing the S&P 500 which is down 8.23% from the start of the year.
Target follows other major Consumer Discretionary sector earnings this month
Target's report follows an earnings beat by Amazon.com on Thursday, February 3, 2022, who reported EPS of $27.75 on revenue of $137.41B, compared to forecasts EPS of $3.61 on revenue of $137.68B.
Home Depot had beat expectations on Tuesday, February 22, 2022 with fourth quarter EPS of $3.21 on revenue of $35.72B, compared to forecast for EPS of $3.18 on revenue of $34.88B.
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