Target Corp. Reports Advance In Q1 Earnings

Target Corp. (TGT) reported earnings for its first quarter that advanced from the same period last year.

The company's profit totaled $2.09 billion, or $4.17 per share. This compares with $329 million, or $0.56 per share, in last year's first quarter.

Analysts had expected the company to earn $2.25 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 23.4% to $24.19 billion from $19.61 billion last year.

Target Corp. earnings at a glance:

-Earnings (Q1): $2.09 Bln. vs. $329 Mln. last year.
-EPS (Q1): $4.17 vs. $0.56 last year.
-Analysts Estimate: $2.25
-Revenue (Q1): $24.19 Bln vs. $19.61 Bln last year.

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