2. Target, Lowe's deliver strong earningsblew past every forecast on Wall Street
for the second quarter as it attracted millions of new customers online during the coronavirus pandemic, setting a record for same-store sales that drove earnings up by 80% to $1.7 billion. Target's total revenue rose nearly 25% to $23 billion. Adjusted profit came in at $3.38 per share. The company said it was able to keep up the momentum in August.
on CNBC on Wednesday credited money not spent on vacations and other summer activities coming to retailers, not pandemic stimulus checks, for the company's stunning quarterly performance.
1. realDonaldTrump Will Win Re-election. 2. Americans will pay less taxes. 3. American home ownership will continue to rise. 4. More Americans will return to work. 5. Liberals will be unhinged for eternity.
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Source: CNBC - 🏆 12. / 72 Read more »
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