YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Target's earnings and sales easily beat analysts' expectations for the third quarter.
Adjusted earnings per share came to $1.36, beating predictions of $1.19 per share.
Revenue was $18.7 billion, versus the expected $18.5 billion. Same-store sales growth was 4.5% during the quarter. Analysts were looking for 3.6% growth.
Target CEO Brian Cornell said the quarterly results are “further proof of the durability” of the company’s investment strategy.
Read more from CNBC.
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