Target reports profit that beats estimates
New York
DRIVEN by stronger sales of its signature items, including children's clothing, Target reported a profit in the first quarter of the year that beat expectations.
The company on Wednesday reported earnings per share of US$1.10, compared with 92 US cents in the year-ago quarter. Revenue rose to US$17.1 billion, compared with US$16.7 billion in the US in the first fiscal quarter of 2014. Analysts polled by Thomson Reuters had expected US$1.03 a share on revenue of US$17.08 billion.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
EU toughens rules on Chinese fashion retailer Shein
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue
Nestle sales growth sputters on US slump, vitamin snags
Hermes Q1 sales jump 17% on strong China demand