Subscribe Register Login

Wednesday, July 30, 2014, 6:18 a.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

  • Health/pe teacher

    lakeside school district in Hot Springs is accepting applic...
    HOT SPRINGS NATIONAL PARK, AR

  • Parts room attendant

    earn egg-cellent pay openings Along with an excellent compen...
    SILOAM SPRINGS, AR

  • Teacherassistant

    Pre-school Floater and Pre-school Teacher Assistant Position...
    LITTLE ROCK, AR

  • Public info coor.

    public information coordinatoremployee Benefits DivisionPosi...
    LITTLE ROCK, AR

  • Drivers

    Local Runshome daily!$1500 Sign On Bonus• Earn Up to $18.55/...
    LITTLE ROCK, AR

Search 951 jobs >

Top Picks - Capture Arkansas
Arkansas Online