Target (NYSE: TGT) reported Q2 EPS of $1.22, $0.11 better than the analyst estimate of $1.11. Revenue for the quarter came in at $17.4 billion versus the consensus estimate of $17.4 billion.

Second quarter comparable sales growth of 2.4 percent was in line with the company’s expectations, driven primarily by growth in comparable transactions.

In third quarter 2015, Target expects Adjusted EPS of $0.79 to $0.89 compared with $0.79 in third quarter 2014. The Street sees Q3 EPS of $0.86.

The Company now expects full-year 2015 Adjusted EPS of $4.60 to $4.75, compared with prior guidance of $4.50 to $4.65 and the consensus of $4.62.

Discontinued Operations Update

Target Canada Co. completed a court-approved real estate sales process during second quarter 2015. Consistent with expectations, after-tax losses from discontinued operations were $20 million in second quarter 2015, compared with $157 million last year. Second quarter losses from discontinued operations include an increase to the Company’s accrual for estimated probable losses, primarily guarantees of leases, and adjustments to the tax benefit from our investment loss in Canada.

Certain assets and liabilities of Target’s discontinued operations are based on estimates. The recorded assets include estimated receivables, and the remaining liabilities include accruals for estimated losses related to claims that may be asserted against Target Corporation, primarily under guarantees of certain leases. These estimates involve significant judgment and are based on currently available information, an assessment of the validity of certain claims and estimated payments by the Canada Subsidiaries. These estimates are subject to change, and the Company believes it is reasonably possible that adjustments to these amounts could be material to its results of operations in future periods. Any such adjustments would be recorded in discontinued operations.

For earnings history and earnings-related data on Target (TGT) click here.