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Target: Fiscal Q1 Earnings Snapshot

May 18, 2022 GMT

MINNEAPOLIS (AP) _ Target Corp. (TGT) on Wednesday reported fiscal first-quarter profit of $1.01 billion.

On a per-share basis, the Minneapolis-based company said it had net income of $2.16. Earnings, adjusted for non-recurring costs, were $2.19 per share.

The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3 per share.

The retailer posted revenue of $25.17 billion in the period, which beat Street forecasts. Eight analysts surveyed by Zacks expected $24.53 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT