Target shares spike | Target cut prices on 5,000 products.

Target shares spike

Target cut prices on 5,000 products.

Net sales: +2.7% year over year to $25.5 billion, vs. estimates for $24.88 billion

Gross profit margin: 28.9% vs. 27% a year ago, vs. estimates for 28%

Diluted EPS: +43% year over year to $2.57, vs. estimates for $2.18 (guidance: $1.95 to $2.35) –

Earnings per share: $2.57 vs. $2.18 expected

Revenue: $25.45 billion vs. $25.21 billion expected

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