Target Stock Jumps. It's All About the Upbeat Outlook and Quarterly Profit. | Barron's

2022-10-11 00:30:50 By : Ms. Angela Zhang

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https://www.barrons.com/articles/target-tgt-stock-earnings-outlook-51646135755

Target shares were rising sharply Tuesday after the retailer posted a fourth-quarter profit that beat estimates and issued an upbeat fiscal-year outlook.

Adjusted earnings were $3.19 a share on revenue of $31 billion for the holiday quarter, which ended in January. Analysts tracked by FactSet expected adjusted earnings of $2.84 a share on revenue of $31.31 billion.

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Target shares were rising sharply Tuesday after the retailer posted a fourth-quarter profit that beat estimates and issued an upbeat fiscal-year outlook.

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