<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/532219efecad04a4707bea3c-1119-839/target-58.jpg" border="0" alt="Target" /><p class="source"><span><a href="http://www.flickr.com/photos/zooboing/4241390495/sizes/o/">Patrick Hoesly / Flickr, CC</a></span></p></div><p></p></div></div>Target's Q1 financial results are out, and the numbers are a little light.</p>
<p>Q1 adjusted earnings came in at $0.70 per share versus expectations for $0.71 per share.</p>
<p>Management also reduced its full-year adjusted earnings guidance to $3.60-$3.90 per share from $3.85-$4.15 per share.</p>
<p>The good news is that sales appear to be stabilizing. Comparable store sales declined by just 0.3% during the period. Analysts were forecasting a 1.1% drop.</p>
<p><a href="http://www.businessinsider.com/target-q1-earnings-2014-5">More to come...</a></p>

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Target Slashes Guidance, But Sales Weren't As Ugly As Expected

Patrick Hoesly / Flickr, CCTarget's Q1 financial results are out, and the numbers are a little light. Q1 adjusted earnings came in at $0.70 per share versus expectations for $0.71 per share. Management also reduced its full-year adjusted earnings guidance to $3.60-$3.90 per share from $3.85-$4.15 per share. The good news is that sales appear to be stabilizing. Comparable store sales declined by just 0.3% during the period. Analysts were forecasting a 1.1% drop. More to come...

Patrick Hoesly / Flickr, CCTarget's Q1 financial results are out, and the numbers are a little light. Q1 adjusted earnings came in at $0.

Target Slashes Guidance, But Sales Weren't As Ugly As Expected

Sam Ro

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