Wednesday, November 19, 2014

November 19, 2014 - Target Beats Earnings Estimates by 7 Cents

In pre-market news, Target announced that same store sales rose in the most recent quarter.  Also, TGT beat earnings expectations by 7 cents per share.  Earnings came in at 54 cents per share after adjusting net income.

As a result, shares of Target are trading up over 3% in pre-market trading.  If it ends up opening at this, it would substantially beat its previous 52 week high.

Lately, shares of Target have been on a roll and investors who were in at lower prices are being rewarded.  Disclosure, I am long TGT.

No comments:

Post a Comment