Target: Fiscal Q1 Earnings Snapshot
Posted May 19, 2021 06:41:07 AM.
Last Updated May 19, 2021 06:46:11 AM.
MINNEAPOLIS (AP) _ Target Corp. (TGT) on Wednesday reported fiscal first-quarter earnings of $2.1 billion.
On a per-share basis, the Minneapolis-based company said it had profit of $4.17. Earnings, adjusted for non-recurring gains, were $3.69 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The retailer posted revenue of $24.2 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $22.29 billion.
Target shares have risen 17% since the beginning of the year, while the S&P’s 500 index has increased roughly 10%. The stock has increased 65% in the last 12 months.
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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
The Associated Press
