Target Q2 earnings crush estimates with $1.88B net income
Target reported second-quarter net income of $1.877 billion, well above the $1.061 billion IBES estimate, with sales and EPS also beating expectations.
TGT
Target posted second-quarter net income of $1.877 billion, far exceeding the IBES estimate of $1.061 billion. Sales came in at $26.539 billion versus the $26.141 billion consensus.
Reported EPS was $4.11, with adjusted EPS also at $4.11. Gross margin for the quarter was 33.7%.
Source: First Squawk