MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal second-quarter net income of $835 million.
The Minneapolis-based company said it had profit of $1.80 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The retailer posted revenue of $24.77 billion in the period, falling short of Street forecasts. Twelve analysts surveyed by Zacks expected $25.26 billion.
For the current quarter ending in October, Target expects its per-share earnings to range from $1.20 to $1.60.
The company expects full-year earnings in the range of $7 to $8 per share.
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