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Target Corp. Bottom Line Climbs In Q1

Target Corp. (TGT) announced a profit for its first quarter that climbed from the same period last year.

The company's profit came in at $795 million, or $1.53 per share. This compares with $718 million, or $1.33 per share, in last year's first quarter.

Analysts had expected the company to earn $1.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.1% to $17.63 billion from $16.78 billion last year.

Target Corp. earnings at a glance:

-Earnings (Q1): $795 Mln. vs. $718 Mln. last year.
-EPS (Q1): $1.53 vs. $1.33 last year.
-Analysts Estimate: $1.43
-Revenue (Q1): $17.63 Bln vs. $16.78 Bln last year.

Next quarter EPS guidance: $1.52 - $1.72
Full year EPS guidance: $5.75 - $6.05

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