Target shares open at record high after reporting quarterly earnings

If Amazon doesn't have a Whole Foods grocery near you, there are non-perishable groceries ( food that doesn't spoil) that Amazon can ship to you

Back-to-school shopping at a Target store in West Hollywood, California.

Joe Scarnici | Getty Images

Target shares opened at a record high on Wednesday after smashing Wall Street’s second-quarter earnings expectations and raising its full-year outlook.

Target set its previous intraday high of $90.39 on Sept. 10, 2018. Its shares opened Wednesday at $99.87 and briefly eclipsed $100 a share in the first few minutes of trading.

The move lifted Target’s market value to $51.07 billion, $7.3 billion higher than it closed Tuesday. 

The retailer on Wednesday beat analysts polled by Refinitiv’s earnings and revenue expectations, saying its investments in same-day shipping and in-store pick up drew more customers.

College Dorm and Apartment Cooking gadgets - if you change the sort settings on the Amazon page, it will show other items by price


Source link