"Target's Earnings Beat Expectations Despite Declining iPhone Sales and First Sales Decline in 7 Years"
TL;DR Summary
Target's fourth-quarter earnings beat estimates, with plans to focus on growth through new stores, private-label brands, and an Amazon Prime competitor, while Apple faces pressure as iPhone sales in China drop 24% year-over-year and the company is fined $2 billion by EU antitrust regulators. Yahoo Finance trending tickers include Tesla, NIO, and MicroStrategy.
- Target earnings top estimates, Apple iPhone sales plunge in China Yahoo Finance
- Target’s sales fell for the first time in 7 years CNN
- Target shares pop more than 10% as retailer boosts profits, despite lackluster sales forecast CNBC
- Target Aims for Turnaround After First Sales Decline Since 2016 The Wall Street Journal
- Ramstad: Target CEO sees far more stores in coming decade Star Tribune
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