MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $689 million.
The Minneapolis-based company said it had profit of $1.51 per share. Earnings, adjusted for non-recurring costs, were $1.78 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The retailer posted revenue of $25.27 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $25.36 billion.
Target expects full-year earnings in the range of $7 to $8 per share.
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