Target (NYSE: TGT) stock got hammered on Wednesday. While its revenue rose 3% -- in line with estimates -- Target's adjusted earnings per share plunged from $3.03 in the year-ago quarter to $1.54 this time, well short of analysts' consensus estimate of $2.13. As a result, Target's operating margin in the quarter was halved from 7.8% in the prior-year period to 3.9%. Read More...
Benzinga
ZIM Integrated Shipping Q3 Earnings Exceed Expectations
ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported third-quarter FY22 sales growth of 3% year-on-year to $3.23 billion, beating the consensus of $3.18 billion. Carried volume in Q3 was 842 thousand TEUs, a year-over-year decrease of 5%. The operating margin was 47.8%, and the operating income was $1.5 billion. The company held $4.4 billion in cash and equivalents as of September 30, 2022. Adjusted EBITDA decreased 7% Y/Y to $1.93 billion with an adjusted EBITDA margin of 60%. Net debt as
