MINNEAPOLIS — Target Corp. today reported fiscal third-quarter earnings of $1.49 billion.
On a per-share basis, the company said it had profit of $3.04. Earnings, adjusted for non-recurring gains, came to $3.03 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.87 per share.
The retailer posted revenue of $25.65 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $24.91 billion.