Target Announces Lower Annual Earnings Forecast
Published at(NEW YORK) — Target announced it would drop its annual earnings forecast by about 50 cents per share on Wednesday, part of ongoing fallout from the data breach the company experienced late last year.
The company announced that its second quarter adjusted earnings per share was just 78 cents, down 20.6 percent from the second quarter in 2013. Target is currently anticipating annual earnings of $3.10 to $3.30 per share for the full year.
A press release from Target noted a dip of 1.3 percent in second quarter U.S. Segment transactions. Still, that figure was slightly higher than that of the first quarter.
Follow @ABCNewsRadio
Copyright 2014 ABC News Radio