FX.co ★ Target Corp. Profit Falls In Q1, Misses Estimates

### Target Corp. Q1 Earnings Report: Decline in Profits and Revenue

Target Corp. (TGT) revealed its first-quarter earnings, which showed a year-over-year decline and fell short of Wall Street expectations.

- **Net Income**: $942 million, or $2.03 per share, down from $950 million, or $2.05 per share, in the same period last year.

- **Average Analyst Expectation**: Analysts had predicted earnings of $2.05 per share, based on data from Thomson Reuters. Note that analysts' forecasts typically exclude special items.

- **Revenue**: The company reported a 3.2% decrease in revenue, dropping to $24.14 billion from $24.95 billion last year.

#### Summary of Key Financials (GAAP):

- **Net Income (Q1)**: $942 million compared to $950 million last year.

- **Earnings Per Share (Q1)**: $2.03 compared to $2.05 last year.

- **Revenue (Q1)**: $24.14 billion compared to $24.95 billion last year.

#### Guidance:

- **Next Quarter EPS Guidance**: $1.95 to $2.35

- **Full Year EPS Guidance**: $8.60 to $9.60