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