HL:Goal: Fiscal 1Q Earnings Snapshot
THE ASSOCIATED PRESS
MINNEAPOLIS (AP) — Goal Corp. (TGT) on Wednesday reported fiscal first-quarter revenue of $795 million.
The Minneapolis-based firm stated it had internet earnings of $1.53 per share.
The outcomes topped Wall Road expectations. The typical estimate of 10 analysts surveyed by Zacks Funding Analysis was for earnings of $1.43 per share.
The retailer posted income of $17.63 billion within the interval, additionally topping Road forecasts. 5 analysts surveyed by Zacks anticipated $17.54 billion.
For the present quarter ending in August, Goal expects its per-share earnings to vary from $1.52 to $1.72. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.58.
The corporate expects full-year earnings within the vary of $5.75 to $6.05 per share.
Goal shares have risen 9% for the reason that starting of the yr, whereas the Customary & Poor’s 500 index has risen 14%. The inventory has dropped 6% within the final 12 months.