By  on November 20, 2018

Target Corp. shares tumbled more than 10 percent to $69 in midday trading Tuesday after the retailer reported third-quarter earnings per share of $1.09. The result fell short of Wall Street’s expectations of $1.12 per share, even though it represented a 20.2 percent increase over the 90 cents posted a year earlier.

Revenue advanced 5.6 percent to $17.8 billion in the period ended Nov. 3, from $16.9 billion, and net income shot up 30.2 percent to $622 million from $478 million.

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