Target posts lower Q1 earnings, cuts full-year guidance - Target - TopicsExpress

Target posts lower Q1 earnings, cuts full-year guidance - Target Corp. (NYSE:TGT), the struggling U.S. discount chain, reported a 16 percent drop in profit for its fiscal first quarter and slashed its full-year earnings guidance on the back of a massive theft of payment card data in the United States and a botched expansion into Canada. Net income dropped 16 percent to $418 million, or 66 cents per share, in the three months ended May 3, from $498 million, or 77 cents ... ow.ly/2GYRMx

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