Why Target Corporation Stock Tumbled Today

Shares of Target Corporation (NYSE: TGT) were plunging today after the big-box retailer offered disappointing guidance for the key holiday quarter in this morning's earnings report. As a result, the stock was down 9.6% as of 10:56 a.m. EST.

Target's results for the third quarter were respectable, as comparable sales increased 0.9% on a 1.4% uptick in traffic and the company posted strong online sales growth at 24%.

Image source: Target.

Source: Fool.com