Target stock soared 20% to an all-time high of $103 after the consumer goods retailer posted exceptional second-quarter results.
Target’s (NYSE:TGT) second-quarter profits were up 17% to $938 million USD, while revenues saw an increase of 3.6% to $18.4 billionUSD. In-store sales were $18.1 billion USD, which is an increase of 3.4%. The standout figure in Target’s earnings report, however, was a rise in online sales of 34% compared to the same period last year. The company’s earnings per share also increased to $1.82 per share, about 21 cents better than Wall Street analysts were expecting, ...
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