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Adjusted earnings per share, excluding
restructuring costs and other items, came to $1.10 in the three
months ended May 2, against a profit of 92 cents in the same
period a year earlier.
Analysts, on average, expected per-share profit of $1.03,
according to Thomson Reuters I/B/E/S.
For the full year, the company expects adjusted earnings of
$4.50 to $4.65 per share, against its previous outlook of $4.45
to $4.65.
Target said comparable sales at stores open at least a year rose
2.3 percent, matching the market consensus, according to
Consensus Metrix.
(Reporting by Nathan Layne; Editing by Jeffrey Benkoe)
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