Target stock jumps after beating Wall Street earnings expectations

U.S. retail giant Target beat Wall Street’s expectations on both sales and earnings during its third financial quarter, the company announced Wednesday.

Target reportedly pulled in $2.10 in earnings per share compared to $1.48 per share predicted by analysts.

However, Target’s revenue slipped slightly below Wall Street estimates, bringing in $25.4 billion in revenue during Q3 versus the $25.24 billion predicted.

As a result, Target’s stock rose 18% during trading Wednesday.