Target misses profit, cuts guidance
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Target CEOYahoo Finance
•Target CEO 'guiding for some conservatism' as the retailer misses earnings estimates ahead of the holidays
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Target CEO 'guiding for some conservatism' as the retailer misses earnings estimates ahead of the holidays .
The retail giant badly missed third quarter Wall Street profit forecasts, slashed full-year guidance after raising it the previous quarter .
Its shares sank 16% in premarket trading on the heels of the release of its quarterly results.
By contrast, its rival Walmart beat expectations again in quarterly same-store sales performance.
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