Target disappoints investors in Q3, shares plummet 20%, while consumers appreciated Target’s price promotions, investors were clearly more critical. Read more here.

Target’s third-quarter sales of $25.2 billion were down nearly 1% from a year ago, missing some analysts’ expectations. Operating income fell 11% to $1.2 billion from $1.32 billion, while net earnings declined 12.1% to $854 million from $971 million year over year, the company said Wednesday.

Target shares sank to their lowest point since last November following the retailer's earnings Wednesday, a day after Walmart shares set a new record high after the company released its third-quarter report.