Target, Lowe’s, Doximity By Investing.com

By Sam Boughedda

Investing.com — It’s a down day Wednesday with the and slumping more than 2% and the tumbling over 3%. Here are your midday movers on Wednesday, May 18th.

• Target  (NYSE:) has plummeted 24% after the company’s profit halved, missing analyst expectations. The retailer said high costs and inventory issues impacted profits.
• In contrast, TJX Companies (NYSE:) is up just under 9% after it beat profit expectations but missed revenue estimates. The company said its pretax profit margin and earnings per share exceeded its plans even though sales were slightly below its expectations.
• Walmart (NYSE:) has continued to slide, currently down 6.3% following Tuesday’s 11% decline after it .
• Shoe Carnival (NASDAQ:) has tumbled 15.3% following its . The company beat profit expectations, but posted revenue of $317.5 million, missing estimates of $318.2 million by analysts polled by Investing.com.
• Lowe’s Companies (NYSE:) is down 5% midday after it also missed expectations. The home improvement retailer’s comparable-store sales were also below expectations. However, its quarterly profit topped estimates.
• Doximity (NYSE:) has fallen 11.8% after it missed guidance expectations. The company sees fiscal first-quarter revenue between $88.6 million and $89.6 million, below the $96.78 million expected.