Coinciding with its first earnings miss in six quarters, Target gave conservative second quarter guidance. The big box retailer projects same-store sales of up 0%-2% vs. the Street's expectation for 1.5% growth. Meanwhile, earnings guidance of $1.95-$2.35 has a midpoint of $2.15, which is below the $2.19 expected by analysts. However, the full-year forecast is reaffirmed – implying better performance in the back half of the year. While they feel the U.S.
Notably we expect discretionary trends will continue to remain pressured in the short-term but to normalize over time.' TJX gives weak second quarter guidance – with earnings per share seen 88-90 cents, solidly below the 94 cent estimate. Same-store sales are projected to grow 2%-3%, a bit conservative compared to Wall Street's expectation of up 3%. The company raises its full year earnings guidance – but that's mostly because of the off-price retailer's first quarter beat.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISIWall Street may be banking on Nvidia beating earnings, but how the stock will react is less clear, says Evercore ISI.
Прочитайте больше »
JPMorgan strategist stays stubbornly negative on stocks even as other Wall Street bears capitulate'We don't see a reason to change our stance,' strategist Marko Kolanovic wrote.
Прочитайте больше »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time. U.S.
Прочитайте больше »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Прочитайте больше »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Прочитайте больше »