BofA/Merrill Lynch Lowers Numbers on Target (TGT), Sees Risk to FY2015 Comps
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Target Corp. (TGT) Misses Q1 EPS by 1c; Cuts FY14 EPS View
May 21, 2014 8:02 AM EDTTarget Corp. (NYSE: TGT) reported Q1 EPS of $0.70, $0.01 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $17.05 billion versus the consensus estimate of $17.02 billion.
U.S. Segment Results
In first quarter 2014, sales increased 0.2 percent to $16.7 billion from $16.6 billion last year, reflecting the contribution from new stores partially offset by a (0.3) percent decrease in comparable sales. Segment earnings before interest expense and income taxes (EBIT) were $1,072 million in first quarter 2014, a decrease of 13.5... More
