Target: Fiscal Q3 Earnings Snapshot

ANNE D'INNOCENZIO

November 15, 2023

MINNEAPOLIS (AP) -- MINNEAPOLIS (AP) -- Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $971 million.

On a per-share basis, the Minneapolis-based company said it had net income of $2.10.

The results surpassed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The retailer posted revenue of $25.4 billion in the period, also exceeding Street forecasts. Thirteen analysts surveyed by Zacks expected $25.24 billion.

For the current quarter ending in January, Target expects its per-share earnings to range from $1.90 to $2.60.

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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

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