Target Shares Plunge Post-Earnings
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quarter salesCBS News
•Target tumbles 20% after its sales and earnings fall short. Here's what went wrong.
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.
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