06:55 AM EDT, 08/21/2024 (MT Newswires) -- Target ( TGT ) reported fiscal Q2 adjusted earnings Wednesday of $2.57 per diluted share, up from $1.80 a year earlier.

Analysts polled by Capital IQ expected $2.18.

Revenue for the quarter ended Aug. 3 was $25.45 billion, up from $24.77 billion a year earlier.

Analysts surveyed by Capital IQ expected $25.21 billion.

Target ( TGT ) said it expects fiscal Q3 adjusted earnings of $2.10 to $2.40 per diluted share. Analysts polled by Capital IQ expect $2.24.

The company said it now expects fiscal 2024 adjusted earnings of $9 to $9.70 per diluted share. That compares with $8.60 to $9.60 previously. Analysts polled by Capital IQ expect $9.30.

Target's ( TGT ) shares were up nearly 16% during recent premarket activity on Wednesday.

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