Target Q2 results top estimates amid record traffic growth; stock rallies

A record increase in store traffic pushed up the sales multi-brand retailer Target Corp. (TGT) in the second quarter, resulting in a sharp growth in earnings. The better than expected results and an upward revision of full-year guidance triggered a stock rally in premarket trading Wednesday. Adjusted earnings climbed 20% year-over-year to $1.47 per share … Continue reading Target Q2 results top estimates amid record traffic growth; stock rallies