Misses by 6c on EPS and $50M on rev, but where the ugly really kicks in:
Sees FY EPS of $3.80 to $4.20 vs $5.34 EST. Next quarter guidance (.80c-$1.00; estimates were at $1.33) is also nowhere near estimates. Saying guidance is due to impact of company's transition to a new financial model (wtf?), the details of which will be announced later today.
CNBC now talking about the kind of guidance and discussion Target offered at last year's meeting and that the results are nowhere close.
TGT -14%, breaking under $60. WMT slightly lower in sympathy. Amazon higher pre-mkt.
Submitted February 28, 2017 at 06:42AM by dvdmovie1 http://ift.tt/2m2nAik
