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Target Q2 earnings fall but top Street; plants red flag for full year
Target Corp. on Wednesday reported second quarter earnings that exceeded Wall Street expectations, but the discounter lowered its guidance for the full year amid declining sales and what it called a “difficult retail environment.” Net income for the quarter was $680 million, or $1.16 cents per share, versus $753 million, or $1.18 per share in the year-ago quarter. Adjusted per-share earnings were $1.23, easily outdistancing analysts’ projections of $1.12. -
Drug store giant launches its own mobile payments solution
CVS Health on Thursday announced the launch of CVS Pay, its own end-to-end mobile payment solution. It is the pharmacy chain's first official mobile payments solution. CVS Pay – now part of the CVS Pharmacy mobile app – integrates payment, prescription pickup and the ExtraCare loyalty program all in one scan at checkout.

