Target Decreases FY2013 Guidance, Shares Drop
May 22, 2013 at 15:07 PM EDT
Target (NYSE: TGT ) reported Q1 FY2013 earnings Wednesday for the quarter that ended May 4, 2013. The company reported GAAP earnings of $498 million, or $0.77 per share, and adjusted GAAP earnings of $1.05 per share, down 5.0 percent from $1.11 in year-earlier adjusted EPS. Revenue came in