The No. 2 U.S. discount chain, behind Wal-Mart Stores
Analysts, on average, were expecting 71 cents a share, according to Reuters Estimates.
In recent quarters, Target's sales gains at stores open at least a year have outpaced those of Wal-Mart, boosted by its trendy but inexpensive designer merchandise, like its Isaac Mizrahi home decor and clothing.
It is also increasing its selection of food to bring shoppers to its stores more often.
"Target is reaping the benefits of its own infrastructure -- supply chain, sourcing -- and the part that's more art than science -- the merchandising," said Sarah Henry, a consumer analyst with MFC Global Investment Management, of the retailer's stronger-than-expected results.