Target Shares Spike on Strong Third Quarter Results

Target shares rose after the company topped analysts earnings expectations, though the company did miss on revenue.
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Target's (TGT) - Get Report third quarter earnings hit the mark, sending the retailer's stock higher Wednesday. The Minneapolis-based company reported earnings of $1.04 a share, breezing past estimates of $0.83 a share. But, revenue came in at $16.4 billion, shy of expectations. Looking ahead, Target sees full year earnings between $5.10 and $5.30 a share, up from its previous expectations of earnings between $4.80 and $5.20 a share.