Investing.com - Target (NYSE:TGT) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Target announced earnings per share of $3.03 on revenue of $26.65B. Analysts polled by Investing.com anticipated EPS of $2.81 on revenue of $24.54B.
Target shares are up 50.9% from the beginning of the year and are trading at $266.39 , down-from-52-week-high.They are outperforming the S&P 500 which is up 25.15% from the start of the year.
Target follows other major Consumer Discretionary sector earnings this month
Target's report follows an earnings beat by Toyota Motor ADR on November 4, who reported EPS of $3.96 on revenue of $66.4B, compared to forecasts EPS of $2.81 on revenue of $63.44B.
Amazon.com had missed expectations on October 28 with third quarter EPS of $6.12 on revenue of $110.81B, compared to forecast for EPS of $8.9 on revenue of $111.55B.
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