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Target Corp Issues Q3 2013 EPS Guidance In Line With Analysts' Estimates; Sees FY 2013 EPS Near Low End Of Prior Guidance Range


Wednesday, 21 Aug 2013 07:30am EDT 

Target Corp announced that for third quarter of 2013, it expects adjusted EPS of $0.80 to $0.90 and GAAP EPS of $0.55 to $0.65. The 25 cent difference between the adjusted and GAAP EPS ranges reflects expected dilution of approximately (22) cents related to Canadian operations and (3) cents related to the expected reduction in the beneficial interest asset. For fiscal 2013, the Company now expects adjusted EPS to be near the low end of its previous guidance of $4.70 to $4.90. GAAP EPS is expected to be approximately 95 cents lower than adjusted EPS, due to expected EPS dilution related to the Canadian Segment of approximately (82) cents, losses related to the early retirement of debt of (42) cents per share and net accounting gains of approximately 29 cents associated with the sale of Target's entire consumer credit card receivables portfolio to TD Bank Group. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $0.88 for third quarter of 2013 and EPS of $4.32 for fiscal 2013. 

Company Quote

63.81
-0.12 -0.19%
19 Sep 2014