As Wall Street prepares to take a bath again, retailers were the big focus.
Target Corp (NYSE:TGT), the second-largest department store in the US, saw shares plunge nearly 9% in pre-market to $70.80 as its third-quarter earnings did not meet analyst estimates.
Earnings per share came in at $622 million, or $1.17 per share, compared with $0.87 per share, in last year's third quarter.
Analysts had expected the company to earn $1.12 per share, but notably, such estimates typically do not include special items.
Revenue for the Minneapolis retailer was $17.82 billion, just edging out Wall Street expectations.
Meanwhile, sticking to the theme, Lowe's Companies Inc (NYSE:LOW) plunged 5.31% to stand at $86.50 as it delivered a mixed bag in terms of its latest quarterly earnings.
The home-improvement chain beat expectations on sales and revenue but dropped its full-year sales expectations and missed on same-store metrics, where sales growth came in at 1.5%, which was well below expectations of 2.9%.
Elsewhere, Kohl's Corp (NYSE:KSS) shares shed 7.75% in before the bell deals at $65.50 having lost, 2.06% yesterday at $71 each
It came despite the company raising the full-year profit forecast and posting better-than-expected quarterly same-store sales yesterday, as it, among other strategies, bolstered its online business.
The company now expects full-year earnings forecast of between $5.16 and $5.36 per share, compared with from its prior forecast of between $4.96 and $5.36.
Best Buy Co Inc (NYSE:BBY) was also in focus on Tuesday, with shares down 2.03% in pre-market deals to $60.94 each.
The company reported third-quarter net income of $277 million, or $0.99 up from $239 million, or $0.78 per share last year. Adjusted EPS (earnings per share) was $0.93.
Revenue was $9.59 billion, up from $9.32 billion last year. Consensus estimates were for $0.85 per share on revenue of $9.57 billion.