Target Corp. said its normalized net income for the fiscal third quarter ended Nov. 1 was 52 cents per share, compared with the S&P Capital IQ consensus estimate of 47 cents per share.
EPS fell year over year from 53 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $330.0 million, a decline from $336.3 million in the prior-year period.
The normalized profit margin rose to 2.7% from 1.9% in the year-earlier period.
Total revenue climbed on an annual basis to $17.73 billion from $17.26 billion, and total operating expenses climbed year over year to $17.04 billion from $16.55 billion.
Reported net income rose year over year to $351.8 million, or 55 cents per share, from $344.2 million, or 54 cents per share.
