Target's same-store sales rose 2.4 percent in the second quarter
ended Aug.1, better than the 2.2 percent rise analysts had
expected, according to research firm Consensus Metrix.
The company earned $1.22 per share on an adjusted basis, above
its own estimate of $1.04-$1.14.
Revenue rose 2.8 percent to $17.4 billion.
Target said it now expected full-year adjusted earnings of
$4.60-$4.75 per share.
The company had earlier raised the lower end of its forecast by
5 cents to $4.50-$4.65.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by
Sriraj Kalluvila)
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