MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal first-quarter profit of $781 million.
The Minneapolis-based company said it had net income of $1.71 per share.
The results surpassed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The retailer posted revenue of $25.44 billion in the period, also beating Street forecasts. Ten analysts surveyed by Zacks expected $24.45 billion.
Target expects full-year earnings in the range of $7.50 to $8.50 per share.
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