Target blows away third-quarter estimates

Target Corp. (NYSE:TGT) reported third-quarter results Wednesday that blew away analysts’ estimates, with GAAP earnings per share of $2.01 from continuing operations up 46% from 2019 levels and 40 cents per share higher than the median estimates of 12 analysts polled by Barchart.

The Minneapolis-based retailing giant also expressed confidence that it will have enough capacity to handle e-commerce volumes that will accompany a peak holiday season that CEO Brian Cornell said that “we’ve never seen...

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