NEW YORK (TheStreet) -- Target (TGT - Get Report) was falling -1.8% to $58.20 in pre-market trading Wednesday after missing analysts' estimates for earnings in the second quarter and cutting its full-year EPS guidance.
For the second quarter Target reported earnings of 78 cents a share, while analysts surveyed by Thomson Reuters expected earnings of 79 cents a share. Revenue grew 1.6% from the year-ago quarter to $17.41 billion, compared to the $17.38 billion analysts expected for the quarter.
Watch the video below to see what Target is doing to reverse the negative trend:
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