Shares of Target Corp.
TGT, -0.40%
rose 8.8% to a record high in premarket trading on Wednesday, after the discount trader reported third-quarter financial revenue and revenue that exceeded expectations and lifted the outlook for the full year. Net income for the quarter to November 2 rose to $ 714 million, or $ 1.39 per share, from $ 622 million, or $ 1.17 per share, the previous year. Excluding one-off items, adjusted earnings per share grew to $ 1.36 from $ 1.09, well above the $ 1.19 FactSet consensus. Revenue increased 4.7% to $ 1
XRT, -1.94%
got 7.2% and S&P 500
SPX, -0.06%
has climbed 24.5%.
Source link