Inside Target’s Q3 Results
The retailer reported earnings of $353 million, or 55 cents per share, a 3% increase from last year’s $341 million, or 54 cents per share. Excluding special items, earnings were 54 cents per share, down from 56 cents per share last year. On average, Wall Street analysts expected to see adjusted EPS of 47 cents per share.
Revenue for the quarter increased 2.8% to $17.73 billion from $17.26 billion a year ago. On average, analysts expected to see revenue of $17.56 billion.
Looking ahead to the fourth quarter, Target expects to see earnings between $1.13 and $1.23 per share. Analysts expect to see earnings of $1.22 per share.
For FY2014, the company narrowed its outlook to a range of $3.15 to $3.25 per share from its previous range of $3.10 to $3.30 per share. Analysts expect to see earnings of $3.10 per share.
Mutual Funds to Watch
|VWNFX||Vanguard Windsor II||2.10%|
|VTSMX||Vanguard Total Stock||1.63%|
The Bottom Line
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