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Target's quarterly comparable sales beat estimates
November 15, 2017 / 11:42 AM / a month ago

Target's quarterly comparable sales beat estimates

Nov 15 (Reuters) - Target Corp reported a better-than-expected 0.9 percent rise in comparable sales, as price cuts on several everyday items helped drive traffic at its stores and website.

Analysts on average had expected sales at stores open at least a year to increase 0.4 percent, according to Thomson Reuters I/B/E/S.

Net income fell to $480 million, or 88 cents per share, in the third quarter ended Oct. 28, from $608 million, or $1.06 per share, a year earlier, on higher selling and general expenses.

Reporting by Sruthi Ramakrishnan in Bengaluru and Richa Naidu in Chicago; Editing by Saumyadeb Chakrabarty

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