|
Digital News Report – Shares in Target Corporation (TGT) are moving back up in after hours trading after declines during the day.
The share price fell after the company announced that they missed sales estimates. Target said that their same store YOY holiday sales only rose 0.9%. Analysts had hoped for a bigger increase.
The share price fell 4.01 (-6.80%) to $54.93. In afterhours the share price jumped up 0.07 (0.13%) to $55.00.
Electronics sales were disappointing while there were strong gains in grocery and apparel. Toy sales and some home category sales were also slow.
By Mark Williams