- Company News: Target (TGT) quarterly earnings beat analysts’ expectations
Market news
21 August 2019
Company News: Target (TGT) quarterly earnings beat analysts’ expectations
Target (TGT) reported Q2 FY 2019 earnings of $1.82 per share (versus $1.47 in Q2 FY 2018), beating analysts’ consensus estimate of $1.62.
The company’s quarterly revenues amounted to $18.422 bln (+3.6% y/y), generally in line with analysts’ consensus estimate of $18.320 bln.
The company issued in-line guidance for Q3, projecting EPS of $1.04-1.24 versus analysts’ consensus estimate of $1.17.
It also raised guidance for FY 2019, projecting EPS of $5.90-6.20 versus its prior guidance of $5.75-6.05 and analysts’ consensus estimate of $5.94.
TGT rose to $100.40 (+17.39%) in pre-market trading.
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