Company News: Target (TGT) quarterly results beat analysts’ forecasts

Market news

22 August 2018

Company News: Target (TGT) quarterly results beat analysts’ forecasts

Target (TGT) reported Q2 FY 2018 earnings of $1.47 per share (versus $1.22 in Q2 FY 2017), beating analysts' consensus estimate of $1.40.

The company's quarterly revenues amounted to $17.776 bln (+6.9% y/y), beating analysts' consensus estimate of $17.332 bln.

The company also raised guidance for FY 2018, projecting EPS of $5.30-5.50 versus its prior guidance of $5.15-5.45 and analysts' consensus estimate of $5.30.

TGT rose to $88.38 (+6.14%) in pre-market trading.

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