Business

Target’s 3Q Profits Up 3.7 Percent

View Comments
target, generic, logo

A Target store in Minneapolis. (credit: CBS)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For Oct. 22, 2014
  2. Several Honored For Saving Man After Dance-Floor Heart Attack
  3. Target Offering Free Shipping Through December
  4. St. Paul Woman May Have Been Serial Killer Victim
  5. Group Pushes For Halal Food Shelf

NEW YORK (AP) — Target Corp. is reporting a 3.7 percent increase in third-quarter profits, helped by solid spending and improvement in its credit card business.

The discounter says Wednesday that it earned $555 million, or 82 cents per share, in the three-month period ended Oct. 29. That compares with $535 million, or 74 cents per share, in the year-ago period.

Revenue rose 5.4 percent to $16.05 billion.

Analysts had expected 74 cents per share on revenue of $16.31 billion, according to FactSet.

The discounter is based in Minneapolis.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,905 other followers