By  on May 16, 2012

Target Corp. executives on Wednesday were crowing about a strong first quarter that included a 5.3 percent comparable-store sales increase, the largest since the third quarter of 2005.

Net earnings for the first quarter were $697 million, or $1.04 a share. Adjusted earnings per share for the three months ended April 28 were $1.11, up 11.5 percent from 99 cents for the first quarter of 2011. All EPS figures refer to diluted earnings per share.

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