05.03.2024 16:01:04
|
Target Corporation Climbs On Upbeat Quarterly Results, Outlook
(RTTNews) - Shares of Target Corporation (TGT) are rising more than 11 percent Tuesday morning after reporting upbeat fourth-quarter results above analysts' view. The general merchandise retailer also provided full-year earnings outlook that came in above the Street expectations.
For the fourth quarter, net earnings surged to $1.38 billion or $2.98 per share from $876 million or $1.89 per share in the year-ago quarter. Earnings were benefitted from an additional week of sales as compared to last year. On average, 27 analysts polled by Thomson Reuters expected the company to report earnings of $2.22 per share for the quarter.
Revenue for the quarter grew 1.7 percent to $31.92 billion from $31.40 billion in the same quarter last year. Analysts expected revenues of $29.33 billion for the quarter.
For fiscal 2024, the company now projects earnings in the range of $8.60 to $9.60 per share. The Street is looking for earnings of $8.44 per share for the year.
TGT, currently at $168.07, has traded in the range of $102.93 - $171.24 in the last 1 year.
![](https://images.finanzen.at/images/unsortiert/wertpapierdepot-absichern-aktienchart-boerse-750493204-260.jpg)
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Target Corp.mehr Nachrichten
Analysen zu Target Corp.mehr Analysen
Aktien in diesem Artikel
Target Corp. | 126,58 | -1,91% |
|