Target (TGT) Misses Q1 Earnings and Revenue Estimates

Target (TGT) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.62 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -19.75%. A quarter ago, it was expected that this retailer would post earnings of $2.25 per share when it actually produced earnings of $2.41, delivering a surprise of 7.11%.Over the last four quarters, the company has surpa ...