For 3Q16, $TGT expects both GAAP EPS from continuing operations and Adjusted EPS of $0.75-0.95. $TGT believes it is prudent to lower its expectations for comparable sales in 2H16, based on current retail environment. In both 3Q16 and 4Q16, $TGT now sees comparable sales of down 2% to flat.
$WM said that it is tough to predict commodity prices and company has built in 3 cents of improvement in the guidance for recycling business. The company expects to have 4 cents impact in fuel costs for the year. $WM also added that it plans to execute the $500MM share buyback in the back half of the year.
Instagram, a subsidiary of $FB and rival to $SNAP, announced that its member base has touched 700MM. Its growth rate was the highest during the addition of the last 100MM members. Its latest feature, Instagram Stories, has over 200MM daily active users.
Schneider Electric and $ACN completed the development of the Schneider Electric Digital Services Factory, a 'virtual' factory that enables Schneider Electric to rapidly build and scale new offerings in areas such as predictive maintenance, asset monitoring and energy optimization.
$RTN and the U.S. Navy conducted the Preliminary Design Review for the new Enterprise Air Surveillance Radar, confirming system development is on track for delivery to the designated ship classes. The PDR followed several EASR milestones completed as planned on the development schedule.