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Target Corporation

News

What Target's Earnings Mean for Mutual Fund Investors (TGT)

Shauna O'Brien Nov 19, 2014



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
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.

Outlook
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.


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