Investing.com - Target (NYSE:TGT) reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Target announced earnings per share of $2.16 on revenue of $24.83B. Analysts polled by Investing.com anticipated EPS of $3.06 on revenue of $24.41B.
Target shares are down 6.98% from the beginning of the year and are trading at $215.28 , down-from-52-week-high.They are outperforming the S&P 500 which is down 14.21% from the start of the year.
Target follows other major Consumer Discretionary sector earnings this month
Target's report follows an earnings missed by Amazon.com on April 28, who reported EPS of $-7.56 on revenue of $116.44B, compared to forecasts EPS of $8.35 on revenue of $116.45B.
Tesla had beat expectations on April 20 with first quarter EPS of $3.22 on revenue of $18.76B, compared to forecast for EPS of $2.26 on revenue of $17.87B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar