Dow Tumbles Over 300 Points; Target Posts Downbeat Earnings
1. TGT reported Q1 adjusted EPS of $1.30, missing estimates of $1.64. 2. Quarterly sales of $23.85 billion fell short of $24.32 billion. 3. TGT lowered FY2025 adjusted EPS guidance to $7.00–$9.00 from $8.80–$9.80. 4. Sales are projected to decline in low single digits. 5. Target's guidance revision suggests potential ongoing challenges.