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Stock Market & Financial Investment News

News Breaks
August 5, 2014
08:03 EDTTGTTarget lowers Q2 adjusted EPS view to 78c from 85c-$1.00
Consensus 91c. The company now expects its Q2 adjusted earnings per share will be within a range around 78c, compared with prior guidance of 85c-$1.00 per share, reflecting U.S. Segment essentially flat comparable sales with lower-than-expected EBITDA margin driven by promotional markdowns, as guests continue to spend cautiously and focus on value in the current environment, and Canadian segment's somewhat softer-than-expected sales combined with the impact of continued investments to clear excess inventory.
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