Target (NYSE:TGT) reported fiscal Q2 adjusted earnings of $1.80 per diluted share, up from $0.39 a year earlier.
Analysts polled by Capital IQ expected $1.42.
Revenue for the quarter ended July 29 was $24.77 billion, compared with $26.04 billion a year earlier.
Analysts surveyed by Capital IQ expected $25.23 billion.
For fiscal Q3, the retailer said it expects adjusted EPS of $1.20 to $1.60 and comparable sales to decline by mid-single digits Analysts surveyed by Capital IQ project EPS of $1.84 for the quarter on revenue of $26.12 billion.
For fiscal 2023, the company said it now expects adjusted EPS of $7 to $8, from the prior outlook of $7.75 to $8.75, and comparable sales to decline in a wide range around mid-single digits for the remainder of the year, from its previously announced guidance range from low-single digit declines to low-single digit increases. Analysts polled by Capital IQ expect EPS of $7.79 on revenue of $109.18 billion.