TGT - Dow Dips Over 100 Points; Target Posts Upbeat Earnings | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones index falling more than 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.33% to 38,861.95 while the NASDAQ fell 0.82% to 16,074.48. The S&P 500 also fell, dropping, 0.42% to 5,109.27.
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Leading and Lagging Sectors
Utilities shares rose by 0.5% on Tuesday.
In trading on Tuesday, information technology shares fell by 1%.
Top Headline
Target Corp (NYSE: TGT) reported better-than-expected fourth-quarter earnings on Tuesday.
Target reported fourth-quarter FY23 revenue growth of 1.7% year-on-year to $31.92 billion, beating the analyst consensus estimate of $31.83 billion. Adjusted EPS of $2.98 beat the analyst consensus estimate of $2.42.
Target sees FY24 adjusted EPS of $8.60 – $9.60 against the Street view of $9.14; expects 0% – 2% growth in comparable sales.
Equities Trading UP
Sunshine Biopharma, Inc. (NASDAQ: SBFM) shares shot up 93% to $0.0865 after dipping 19% on Monday. Sunshine Biopharma recently announced closing of $10.0 million underwritten public offering.
Shares of Airship AI Holdings, Inc. (NASDAQ: AISP) got a boost, surging 113% to $3.52 after the company announced that it ...