Target EPS $1.23 vs. $1.12 estimate; revenue of $16.17B

August 17, 2016 10:43 AM

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Target EPS $1.23 vs. $1.12 estimate; revenue of $16.17B

Target on Wednesday reported earnings that topped Wall Street's expectations by 11 cents a share and rose slightly over the prior year, while revenue was roughly in line.

Still, the company lowered its guidance for the full year, citing what it characterized as a "difficult" retail environment. The retailer's shares fell 5 percent in premarket trading.

Also read: McDonald’s Revenue Tops Estimates as Breakfast Boosts U.S

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