Subscribe Register Login

Tuesday, September 30, 2014, 5:19 p.m.
Top Picks - Capture Arkansas

Target's profit jumps 15%; outlook tops forecasts

By The Associated Press

This article was published November 15, 2012 at 8:33 a.m.

— Target’s third-quarter net income climbed 15 percent, helped by a gain related to the pending sale of its credit-card business.

Heading into the Christmas shopping season, the Minneapolis company’s outlook is well above analyst expectations.

Target is optimistic about the period, which can make up 40 percent of a retailer’s annual revenue. The cheap-chic chain cites its new price matching program and a holiday collection partnership with luxury department store Neiman Marcus.

For the three months that ended Oct. 27, Target Corp. earned $637 million, or 96 cents per share. That’s up from $555 million, or 82 cents per share, a year earlier.

The current quarter’s performance included a 15-cent gain tied to the retailer’s sale of its consumer credit-card business to TD Bank Group.

Comments on: Target's profit jumps 15%; outlook tops forecasts

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

TOP JOBS

  • Lub tech needed in sherwood, must

    be dependable,bonus incentive offeredApply in person 104 E....
    LITTLE ROCK, AR

  • Child nutrition dire

    Certified Child Nutrition Director needed for southwest Litt...
    LITTLE ROCK, AR

  • Occupational therapy

    occupational therapist: Lonoke area. Looking for an opportun...
    LONOKE, AR

  • Donate plasma

    . Save LivesEarn money when you donate at Octapharma PlasmaB...
    NORTH LITTLE ROCK, AR

  • Cna's

    brighton ridge attention Brighton Ridge of Eureka Springs is...
    EUREKA SPRINGS, AR

Search 915 jobs >

Top Picks - Capture Arkansas
Arkansas Online