By Geoffrey Smith
Investing.com — Target (NYSE:) shares fell nearly 9% in premarket trading after the company said holiday-period sales had risen only 1.4%, less than it had forecast. That was down from a 5.7% increase last year.
The company said toy sales were essentially flat, while electronics also disappointed. Beauty products and clothing performed more strongly.
Despite the disappointment, Target (NYSE:) reiterated its fourth-quarter earnings guidance.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.