This morning, Target (NYSE:TGT) reported second quarter earnings of $611 million, or 95 cents per share, as revenue climbed by 2% to $17.12 billion. Excluding one-time items, the company would have earned $1.19 per share, easily topping Wall Street estimates of just 96 cents. On the sales side, the retailer fell short of revenue estimates and reported disappointing sales growth of just 1.2% at stores open more than a year. For the full year, the company expects earnings in the range of $4.70 to $4.90 per share. Shares of Target were lower by more than 2% on the news.
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