Target shows lower Q2 revenue, profit

August 17, 2016 by MMR Brian Cornell, second quarter, Target Corp., Target’s chairman and chief executive officer Featured Articles, Leading Headlines, People

MINNEAPOLIS — Target Corp. on Wednesday reported adjusted earnings per share of $1.23 in its second quarter, well above analysts’ projections of $1.13, on revenue of nearly $16.2 billion, which was in line with expectations. Profit declined 9.7% from the prior-year period, on revenue that dropped 7.2%. Citing challenges ahead, the company lowered its guidance