8/17/2022, 12:33 PM (Source: TeleTrader)
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Chart for: Target Corp

Target's Q2 revenue up by 3.5% to $25.65 billion

Target announced on Wednesday that its revenue for the second quarter of the year reached $25.65 billion, missing analysts' expectations. However, the parameter increased 3.5% on a yearly basis, the data showed.

Adjusted earnings per share (EPS) stood at $0.39, marking an 89.3% decrease compared to the same period last year. Comparable sales went up by 2.6% year-on-year, while total sales grew 3.3%. Operating income fell by 87% in the quarter to reach $321 million.

The company's shares dropped by 2.88% in premarket trading after the release of its latest data.

Baha Breaking News (BBN) / MM