(Updated - May 22, 2019 6:35 AM EDT)

Target (NYSE: TGT) reported Q1 EPS of $1.53, $0.10 better than the analyst estimate of $1.43. Revenue for the quarter came in at $17.6 billion, versus $17.5 billion reported last year.

• first quarter comparable sales growth of 4.8 percent driven by a 4.3 percent increase in comparable traffic.

GUIDANCE:

Target sees Q2 2019 EPS of $1.52-$1.72, versus the consensus of $1.59.

• Target expects second quarter comparable sales growth in the low- to mid-single digit range, mid-single digit growth in operating income dollars and both GAAP EPS from continuing operations and Adjusted EPS of $1.52 to $1.72.

Target sees FY2019 EPS of $5.75-$6.05, versus the consensus of $5.83.

• For full-year 2019, Target continues to expect a low- to mid-single digit increase in comparable sales, a mid-single digit increase in operating income, and both GAAP EPS from continuing operations and Adjusted EPS of $5.75 to $6.05

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