div > div.group > p:first-child"> Target — The retailer reported adjusted quarterly profit of $1.53 per share, a penny a share above estimates. Revenue also beat forecasts. A comparable-store sales increase of 5.3 percent was above the consensus Refinitiv estimate of 5.1 percent, and Target also gave a better-than-expected full-year earnings forecast.
Hertz Global — Investor Carl Icahn sold part of his holdings in the car rental giant, according to a Securities and Exchange Commission filing. He cut his stake to 28.91 percent from the prior 35.27 percent. Salesforce.com — Salesforce earned adjusted 70 cents per share for its latest quarter, beating consensus estimates by 15 cents a share. Revenue also exceeded forecasts, but the stock came under pressure on the business software company's weaker-than-expected current-quarter revenue and profit outlook.
L Brands — L Brands will be urged by New York hedge fund Barington Capital to separate its Bath & Body Works unit from its flagship Victoria's Secret operation, according to The Wall Street Journal. The paper said Barington has built a small stake in L Brands and plans to make its wishes known in a letter that it will send to chairman and CEO Leslie Wexner.
Is BTI in talks with cannabis producer HEXO Corp ? 🤔
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