) shares tumbled more than 21% premarket Wednesday after the retailer reported third-quarter earnings that fell well short of analyst expectations and provided disappointing guidance for the full year.
The company's full-year earnings guidance also disappointed investors. Target now expects fiscal 2025 EPS of $8.30-$8.90, well below the $9.52 consensus estimate. For the fourth quarter, Target projects approximately flat comparable sales and adjusted EPS of $1.85-$2.45.