Target soars 12% after crushing earnings and raising its full-year profit outlook

Target reported third-quarter earnings Wednesday that beat Wall Street expectations. The retailer also raised its full-year profit outlook. Shares soared as much as 12% in early trading on the news. "Our third quarter results are further proof of the durability of our strategy," Target CEO Brian Cornell said in a release. Watch Target trade live on Markets Insider.

Target reported third-quarter earnings Wednesday that beat Wall Street expectations. The retailer also raised its full-year profit outlook. Shares soared as much as 12% in early trading on the news. "Our third quarter results are further proof of the durability of our strategy," Target CEO Brian Cornell said in a release. Watch Target trade live on Markets Insider.

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Target earnings preview: Nike could partner with Target now that it has ended sales on AmazonTarget is expected to report gains in the third quarter and analysts have a positive outlook for the holiday season.
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