Target Corp. on Wednesday said third-quarter sales rose 3.4 percent to $16.1 billion, from $15.2 billion in the 2010 third quarter. The retailer’s net earnings for the 12 weeks ended October 29 were $555 million, compared with $535 million last year. Earnings per share rose 10.2 percent to 82 cents from 74 cents in 2010. The company projected fourth-quarter RPS of $1.43 to $1.53. Gregg Steinhafel, chairman, president and ceo, said Target will continue to drive strong sales for the holidays.
Target Sales Rise in Third Quarter
The retailer's net earnings for the 12 weeks ended October 29 were $555 million compared with $535 million last year.
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