Estimates

China reports fastest industrial expansion in nearly two years; Retail sales growth misses estimates –

View of the Shanghai skyline from a container station. Yaorusheng | moment | Getty Images China reported on Friday that its industrial production grew in November at the fastest pace since February 2022, although retail sales growth fell short of expectations, pointing to a patchy recovery in the world’s second-largest economy. Economists are approaching the … [Read more…]

Target Beats Dampen Earnings Estimates, But Student Loans and Higher Interest Rates Slow Sales

It could have been worse, and it’s not like Wall Street expected much anyway. In short, this is Target’s third-quarter earnings as of Wednesday morning. After nearly two years of brutal results due to execution errors, rising retail theft and increasingly cautious consumer sentiment, Target has crushed analysts’ lowered estimates for sales, margins and profit. … [Read more…]