Target Down 3% On Lower Q2 Earnings

Shares of big-box store company Target Corp. (TGT) are down 3 percent on Wednesday's trading after reporting second quarter earnings, which decreased from last year and missed the Street estimates.

The company's bottom line came in at $183 million, or $0.39 per share. This compares with $1.82 billion, or $3.65 per share, in last year's second quarter.

Excluding items, Target Corp. reported adjusted earnings of $0.39 per share for the period. Analysts on average had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters.

Currently at $174.75, the stock has traded between $137.16 and $268.78 during the past 52 weeks.

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