Target (TGTkenobonus.US) fell more than 10% to 139kenobonus$.98, the largest decline since November 2022. Target's pre-market results showed that revenue in the first quarter of 2024 was US$24.53 billion, a year-on-year decrease of 3.1%kenobonus; Net profit was US$942 million, down 0.8% year-on-year; adjusted earnings per share was US$2.03, which fell short of market expectationskenobonuswas US$2.06, compared with US$2.05 in the same period last year. Target's adjusted earnings per share fell slightly below expectations, the first time in recent quarters that indicator fell below expectations. Target expects second-quarter adjusted earnings per share of $1.95 to $2.35, compared with Wall Street's forecast of $2.19.
