Target delivers mixed Q1 results

Target reported higher-than-expected first-quarter profits, but same-store sales came in below analysts' estimates.

Excluding gains from the sale of the company's pharmacy and clinic business and restructuring charges, Target's earnings were $1.29 per share. Analysts predicted $1.20 per share.

Same-store sales rose 1.2 percent, less than predictions of 1.6 percent.

Read more from Reuters.