Target upbeat about holidays after 3Q climbs
MINNEAPOLIS– Target Corp. on Thursday reported a third-quarter net income that handily beat Wall Street expectations, and the big-box retailer issued a rosy outlook heading into the critical holiday shopping season.
The company, based in Minneapolis, is optimistic about the period, which can make up 40 percent of a retailer's annual revenue. The cheap-chic chain cited its new price matching program and a holiday collection partnership with luxury department store Neiman Marcus.
For the fourth quarter, the company said it anticipates adjusted earnings of $1.64 to $1.74 per share. Analysts predict $1.50 per share.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at email@example.com