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Target Corp. Q1 adjusted earnings Miss Estimates

Target Corp. (TGT) revealed a profit for first quarter that declined from last year.

The company's profit came in at $284 million, or $0.56 per share. This compares with $795 million, or $1.53 per share, in last year's first quarter.

Analysts had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.3% to $19.62 billion from $17.63 billion last year.

Target Corp. earnings at a glance:

-EPS (Q1): $0.59 vs. $1.53 last year.
-Analysts Estimate: $0.68
-Revenue (Q1): $19.62 Bln vs. $17.63 Bln last year.

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