Friday, August 19, 2011

Target reported a bigger-than-expected rise in quarterly profit


Target reported a bigger-than-expected rise in quarterly profit and forecast a more profitable year than analysts were anticipating on Wednesday, as its credit card business continued to grow and sales perked up as the summer progressed.

Shares of Target [TGT 50.35], which has more than 1,760 U.S. stores and is getting ready to open stores in Canada, jumped 5.8 percent.

http://www.cnbc.com/id/44112834

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