Subscribe Register Login

Friday, December 19, 2014, 8:21 p.m.
Top Picks - Mobile App

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

  • Carriers

    wanted Make extra money delivering the arkansas democrat-ga...
    Little Rock, AR

  • Medical assisting

    general education instructorsremington College — Little Rock...
    LITTLE ROCK, AR

  • Dentalfrontoffice

    dental assistant and business office opportunity in WLR for ...
    LITTLE ROCK, AR

  • Class a cdl drivers

    driverscome See Mesilla Valley Transportation at Our Job Fai...
    NORTH LITTLE ROCK, AR

  • Lpns & cnas all shifts

    Spring Creek Health and Rehab LPNs and CNAS all shifts Dieta...
    Cabot, AR

Search 746 jobs >

Top Picks - Mobile App
Arkansas Online