Shares of Target Corp.
rose to a record high of 8.8% in the premarket trade on Wednesday, after the discounter posted higher-than-expected earnings and sales in the third quarter of the fiscal year and the outlook raised for the full year. Net income for the quarter ended November 2, was $ 714 million, or $ 1.39 per share, of $ 622 million, or $ 1.17 per share, for the same period last year. Excluding one-time items, adjusted earnings per share increased from $ 1.09 to $ 1.36, well above the $ 1
gained 7.2% and the S & P 500 gained
increased by 24.5%.