Wednesday, November 15, 2017

Target Q3 Profit Down, Comps Rise; Sees Highly Competitive Q4; Lifts FY17 View

Discount-store operator Target, Inc. reported lower profit in its third quarter, despite growth in comparable sales. Adjusted earnings per share, however, topped market estimates. Further, the company said it expects the fourth-quarter environment to be highly competitive, yet lifted its forecast for fiscal 2017 earnings. In pre-market activity, Target shares were losing 5.6 percent..

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