Investing.com - U.S. retail giant Target reported better-than-expected fourth quarter earnings, it announced early Wednesday.
Earlier in the day, in its fourth quarter earnings report, Target said earnings per share came in at USD1.65, compared to expectations for earnings of USD1.48 per share.
The company’s fourth quarter revenue totaled USD22.73 billion, broadly in line with market expectations for revenue of USD22.74 billion.
Following the release of the report, TGT shares rose 1.7% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures added 0.1%, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.
Earlier in the day, in its fourth quarter earnings report, Target said earnings per share came in at USD1.65, compared to expectations for earnings of USD1.48 per share.
The company’s fourth quarter revenue totaled USD22.73 billion, broadly in line with market expectations for revenue of USD22.74 billion.
Following the release of the report, TGT shares rose 1.7% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets mildly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.15% at the open, S&P 500 futures added 0.1%, while the Nasdaq 100 futures indicated a gain of 0.1% at the open.