Target's Q3 Sales, Profits Slump
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•Target struggles in the third quarter despite price cuts and offers a tempered holiday outlook
84% Informative
Target posted net income of $854 million , or $ 1.85 per share, in the third quarter ended Nov. 2 .
The Minneapolis retailer fell short of Wall Street expectations for the quarter .
Its outlook for the final three months of the year also disappointed industry analysts.
The most recent quarter at Target stands in stark contrast to rival Walmart , which reported stellar sales Tuesday .
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