Target posts upbeat Q2 earnings, raises FY2026 guidance
Target reported Q2 earnings of $2.46 per share versus the $2.33 analyst consensus estimate and sales of $26.539 billion versus $26.141 billion, then raised FY2026 adjusted EPS guidance and sales forecast.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 100 points on Wednesday.
Following the market opening Wednesday, the Dow traded up 0.25% to 53,476.44 while the NASDAQ rose 0.10% to 26,317.02.
The S&P 500 also rose, gaining, 0.37% to 7,719.97.
Leading and Lagging Sectors Health care shares jumped by 3.1% on Wednesday.
In trading on Wednesday, information technology stocks fell by 0.3%.
Top Headline Target Corp (NYSE: TGT ) reported better-than-expected earnings for the second quarter on Wednesday.
The company posted quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.33 per share.
The company reported quarterly sales of $26.539 billion which beat the analyst consensus estimate of $26.141 billion.
Target raised its FY2026 adjusted EPS guidance from $8.50 to $9.90-$10.90 and also increased sales forecast from $108.971 billion to $110.019 billion.
Equities Trading UP Yunji Inc (NASDAQ: YJ ) shares shot up 156% to $4.46.
Yunji will report first half 2026 financial results on Aug.
20.
Shares of Tenon Medical Inc (NASDAQ: TNON ) got a boost, surging 110% to $11.45 after the company received a notice of allowance for a U.S.
Patent Titled “Systems, Apparatus and Methods for Stabilizing Sacroiliac Joints” Moderna Inc ( NASDAQ: MRNA ) shares were also up, gaining 100% to $125.70 after the company and Merck announced topline results from the Phase 3 INTerpath-001 trial met its primary and a key secondary endpoint.
Equities Trading DOWN Profusa Inc ( NASDAQ: PFSA ) shares dropped 46% to $14.77 after jumping around 507% on Tuesday.
Shares of Wetour Robotics Ltd ( NASDAQ: WETO ) were down 30% to $23.18.
CID HoldCo Inc (NASDAQ: DAIC ) was down, falling 23% to $0.49 after the company announced an additional Nasdaq listing deficiency and a loan default.
Commodities In commodity news, oil traded up 0.6% to $85.45 while gold traded up 0.1% at $4,423.10.
Silver traded down 0.4% to $63.810 on Wednesday, while copper fell 1% to $6.4260.
Euro zone European shares were mostly lower today.
The eurozone’s STOXX 600 fell 0.1%, while Spain’s IBEX 35 Index fell 0.1%, London’s FTSE 100 slipped 0.1%, Germany’s DAX declined 0.2%, while France’s CAC 40 gained 0.3%.
Asia Pacific Markets Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 dipping 3.16%, Hong Kong’s Hang Seng index gaining 0.09%, China’s Shanghai Composite dropping 2.40% and India’s BSE Sensex falling 0.42%.
Economics The volume of mortgage applications fell by 0.4% in the second week of August.
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