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Target Q3 Earnings Supply Chain Chaos Hits Bottomline Slashes Annual Profit Outlook Stock Tanks

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Target Corporation (NYSE:TGT) shares are trading lower in the premarket session on Wednesday. The company reported third-quarter adjusted earnings per share of \(1.85, missing the street view of \)2.30. Quarterly total revenue of \(25.67 billion (+1.1% year over year) missed the analyst consensus estimate of \)25.90 billion. “We encountered some unique challenges and cost pressures that impacted our bottom-line performance,” said Brian Cornell, chair and chief executive officer of Target. The third-

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