(Updated - November 20, 2018 6:39 AM EST)

Target (NYSE: TGT) reported Q3 EPS of $1.09, $0.03 worse than the analyst estimate of $1.12. Revenue for the quarter came in at $17.82 billion versus the consensus estimate of $17.78 billion.

Comparable traffic growth of 5.3 percent and comparable sales growth of 5.1 percent were driven by healthy increases in both stores and digital channels.

(**Consensus comps were 5.2%)

"Our team delivered another outstanding quarter, driving comparable traffic and sales growth of more than 5 percent and earnings per share growth of more than 20 percent," said Brian Cornell, chairman and chief executive officer of Target Corporation. "We've made significant investments in our team heading into the holidays and they are ready to serve our guests with a comprehensive suite of convenient delivery and pickup options, a wide range of new products and unique gift ideas and a strong emphasis on low prices and great value. We plan to leverage our current momentum into 2019, when we'll achieve greater scale across the full slate of our initiatives - creating efficiencies and cost-savings, further strengthening our guest experience and positioning Target for profitable growth in the years ahead."

GUIDANCE:

Target sees FY2018 EPS of $5.30-$5.50, versus the consensus of $5.41.

• For the fourth quarter, Target expects comparable sales growth of approximately 5 percent, consistent with the Company's year-to-date performance through third quarter 2018.

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