MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Wednesday reported fiscal third-quarter profit of $854 million.
On a per-share basis, the Minneapolis-based company said it had net income of $1.85.
The results missed Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The retailer posted revenue of $25.67 billion in the period, which also missed Street forecasts. Twelve analysts surveyed by Zacks expected $25.91 billion.
For the current quarter ending in January, Target expects its per-share earnings to range from $1.85 to $2.45.
The company expects full-year earnings in the range of $8.30 to $8.90 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT
