Target raises FY2026 adjusted EPS guidance after Q2 beat
Target reports second-quarter earnings of $2.46 a share and sales of $26.539 billion, both above consensus, and lifts FY2026 adjusted EPS and sales guidance.
On CNBC’s “ Halftime Report Final Trades,” Kevin Simpson, Capital Wealth Planning founder and CIO, picked Amazon.com, Inc. (NASDAQ: AMZN ).
As per the recent news, Amazon said Tuesday it increased its planned investment in northwest Louisiana to $18 billion from $12 billion.
The expansion includes a third data center campus in Shreveport.
Bryn Talkington, managing partner of Requisite Capital Management, named iShares Bitcoin Trust ETF (NASDAQ: IBIT ) as her final trade.
Don’t forget to check out our premarket coverage here Liz Thomas, SoFi head of investment strategy, recommended iShares Gold Trust (NYSE: IAU ).
Joseph M.
Terranova, senior managing director for Virtus Investment Partners, picked Target Corporation (NYSE: TGT ).
On Wednesday, Target reported better-than-expected earnings for the second quarter.
The company posted quarterly earnings of $2.46 per share.
It 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.
Price Action Amazon shares gained 2.5% to close at $265.84 on Wednesday. iShares Bitcoin Trust ETF gained 6% during the session.
Target shares gained 4.3% to close at $159.00 on Wednesday. iShares Gold Trust rose 3.8% during the session.
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