Target Q1 Adj. Profit Beats View, But Sales Miss; Sees Q2 Earnings Below View

Discount-store operator Target, Inc. on Wednesday reported a slight decrease in profit for the first quarter from last year on lower sales. However, adjusted earnings per share beat analysts' expectations, while revenues missed their estimates. Looking ahead, the company provided earnings guidance for the second quarter below the Street view, citing the recent slowdown in consumer trends.

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