Target first quarter profit beats estimates on healthy sales growth

May 20, 2015 12:14 PM

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Target first quarter profit beats estimates on healthy sales growth

Target Corp (TGT.N) on Wednesday reported a larger-than-expected increase in first-quarter profit on healthy revenue growth and raised the low end of its full-year earnings forecast range.

Adjusted earnings per share, excluding restructuring costs and other items, came to $1.10 in the three months ended May 2, against a profit of 92 cents in the same period a year earlier.

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