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Target: Fiscal Q2 Earnings Snapshot
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MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal second-quarter profit of $1.88 billion.

On a per-share basis, the Minneapolis-based company said it had net income of $4.11. Earnings, adjusted for pretax gains, were $2.46 per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.

The retailer posted revenue of $26.54 billion in the period, also topping Street forecasts. Eleven analysts surveyed by Zacks expected $26.13 billion.

Target expects full-year earnings to be $9.90 to $10.90 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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