The DJIA loses footing, as Wal-Mart Stores, Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT) falling

Target Corporation (NYSE: TGT) quarterly earnings have matched analyst forecasts

In brief: Target Corporation (NYSE: TGT) shares are falling as a result of company’s moderate income. Wal-Mart Stores, Inc. (NYSE: WMT) fell to 0,3%, while The Dow Jones Industrial lost 0.4%.

The Dow Jones Industrial Average falls to 10,361.27 points, -44.58 (-0.43%). Wal-Mart Stores, Inc. (NYSE: WMT) fell to 50.85 points, losing -0.32%. Another major retailer – Target Corporation (NYSE: TGT) – is sinking into into the depths of the red zone with its meager profits.

Further, Target discount retailer shares fell to 50.19 points, losing -0.49 (-0.97%). Target reports an increase in the second quarter profit (closing July 31) from $ 594 million (i.e. 79 cents per share) in the previous year to $ 679 million (92 cents per share). Analysts also predicted a median price of 92 cents per share. Such a favorable performance is attributed to higher income from credit card transactions and increasing sales of profit-making products, such as clothing.

Ukrainian Globalist
2010-08-18 15:23, Economics.

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