Target Corp (TGT) reported third quarter net earnings of $436 million or $0.58 per share, compared to $369 million or $0.49 per share last year.
On average, 20 analysts polled by Thomson Reuters expected the company to report earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues grew to $15.28 billion from $15.11 billion in the prior year quarter.
Seventeen analysts estimated revenues of $15.25 billion.
In light of the current and projected economic environment and expectations for a highly promotional holiday season, Target remains cautious about fourth quarter performance and is planning conservatively in both business segments.
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