CHICAGO (Reuters) - Target Corp posted higher quarterly earnings, helped by sales of more profitable items like clothing and improved profit at its credit card business.
The discounter said profit rose to $679 million, or 92 cents a share, in the second quarter ended July 31 from $594 million, or 79 cents a share, a year earlier.
Analysts on average had forecast 92 cents a share, according to Thomson Reuters I/B/E/S.
Earlier this month, TARGET (TGT.NY)reported sales of $15.13 billion for the quarter at its retail business, up 3.8 percent from a year earlier. Sales at stores open at least a year rose 1.7 percent.
On Tuesday, larger rival Wal-Mart Stores Inc
(Reporting by Brad Dorfman; Editing by Lisa Von Ahn and Gerald E. McCormick)
