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CBS News

Target tumbles 20% after its sales and earnings fall short. Here's what went wrong.

CBS News
Summary
Nutrition label

83% Informative

Shares of Target tumbled almost 20% in pre-market trading.

The retailer's third-quarter sales and profit fell short of analysts' expectations.

Analysts had forecast sales of $25.9 billion and per-share earnings of $ 2.30 .

Target CEO Brian Cornell says shoppers have been cautious with their purchases.

VR Score

91

Informative language

95

Neutral language

47

Article tone

informal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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