Target Corp. Profit Beats Expectations
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MINNEAPOLIS -- Discount retailer Target Corp. said Wednesday its first-quarter profit rose almost 18 percent, although revenue was just shy of analyst expectations.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly profit  on stronger sales and gains from selling its Mervyn's  department store chain, and forecast 2004 would end well.
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Target Corp.  on Thursday reported a better-than-expected 6.7 percent jump in September sales at stores open at least a year, and said quarterly earnings would likely be above Wall Street forecasts.
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The retailer said net income in the fourth quarter rose to $4.1 billion as its focus on low prices paid off. International growth also helped lift profit and sales.
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Wal-Mart Stores Inc., the world&#39;s biggest retailer, posted a higher quarterly profit Tuesday, in line with Wall Street expectations, and said it was optimistic about the rest of the year.
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The company reported strong second-quarter results and said its profits for all of 2007 would beat analystsâ expectations.
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Target Corp  on Thursday said August sales at stores open at least a year rose 6.1 percent, beating expectations and sending its shares up more than 2 percent.
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Disney posted a quarterly profit far ahead of Wall Street targets on strong results at its theme park, media and consumer products groups, sending shares up 5 percent.
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Specialty department store retailer Stage Stores Inc. on Thursday said its third-quarter results met Wall Street expectations, even though its profit dropped against a year-ago gain.
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Target Corp.  on Monday  raised its September forecast for sales at established stores  to about 5 percent, sending its shares up nearly 3 percent.
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The Target Corporation said today its quarterly profit rose almost 18 percent, helped by its credit card business and strong sales at established stores.
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Standard Life reports better than expected profits, helped by sales of more profitable pension products.
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General Electric posted relatively flat third-quarter earnings Friday on improved revenue, as the diversified conglomerate met Wall Street profit expectations and edged future guidance higher.
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Insurer and fund manager AMP Ltd. , on Wednesday posted a better-than-expected first-half profit on higher investment returns and improved margins, and targeted a stronger performance for the remainder of the year.
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MINNEAPOLIS -- Target reported a 78 percent jump in third-quarter earnings on Thursday on strong revenue growth and the sale of its Mervyn&#39;s discount chain, but it just missed analyst estimates.
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Target Corp. TGT.N, the No. 2 U.S.  discount retailer, on Thursday posted a higher quarterly  profit, boosted by stronger sales and gains from the sale of  its Mervyn's department store chain.
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Target has done well by shareholders, and might do even better.