Target results: comparable sales increased 6.5%, digital sales were up 41 percent YoY

Looks like they’ve followed in the footsteps of Walmart and reports solid earnings.

In premarket trading, Target was soaring 6% to $88.16 a share.

adjusted earnings per share of $1.47

Revenue: $17.78 billion vs. $17.28 billion expected

Same-store sales: up 6.5 percent vs. an increase of 4 percent expected

Comparable digital sales increased 41%, which tops the growth of 32% reported a year ago.

If you’ve run out of free articles to read on Bloomberg it’s also covered here, www.thestreet.com/markets/target-blows-earnings-out-of-water-14689982

 

h/t EducationUmbrella