Target Fiscal 2Q Earnings Snapshot

MINNEAPOLIS (AP) _ Target Corp. (TGT) on Wednesday reported fiscal second-quarter profit of $938 million.On a per-share basis, the Minneapolis-based company said it had profit of $1.82.The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.The retailer posted revenue of $18.42 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $18.33 billion.For the current quarter ending in November, Target expects its per-share earnings to range from $1.04 to $1.24. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.17.The company expects full-year earnings in the range of $5.90 to $6.20 per share.Target shares have increased 29% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16%. The stock has climbed almost 3% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGTThe Associated Press read more

Bill Cosby found guilty of sexual assault in retrial

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedBill Cosby sentenced to state prison for sexual assaultSeptember 25, 2018In “latest news”Bill Cosby to stand trial in sex assault caseMay 24, 2016In “Crime”‘Picture Boy’ sentenced to death – 12-man jury found him guilty during second retrialJuly 6, 2016In “Court” Bill CosbyUS comedian Bill Cosby has been found guilty of three counts of sexual assault, each of which carries a potential 10 years in prison.The actor, 80, has been on trial for drugging and assaulting ex-basketball player Andrea Constand in 2004.Cosby, the first major black actor on primetime TV, will remain out of jail until he is sentenced, the judge ruled.He unleashed an expletive-filled rant after the verdict, as prosecutors argued he should be denied bail.It was the second time the actor had stood trial for the allegations, after an earlier jury failed to reach a verdict in June 2017.At the start of the retrial in Pennsylvania it was revealed that Cosby had paid Ms Constand almost $3.4m (£2.4m) in a civil settlement in 2006.Cosby is best known for starring in the 1980s TV series The Cosby Show.Around 60 women over five decades have publicly accused the Emmy award-winning actor of being a sexual predator. But statute of limitation laws mean that only one charge has been brought to trial.Some of his accusers were present in court, and cried as the guilty verdict was returned.Cosby’s lawyer insisted “the fight is not over”, adding that he believes Cosby is innocent. (Excerpt from BBC) read more