Target's quarterly earnings per share doubled as tariff refunds were added, and SQM sold record lithium volumes, while industrial equipment maker Nordson lifted its full-year guidance.
Major corporations are reporting robust earnings across retail and commodities. Target saw its quarterly earnings per share rise to 4.11 dollars, up from 2.05 dollars a year earlier, and tariff refunds added 994 million dollars before tax. The company's net sales rose 5.3 per cent to reach 26.5 billion dollars, with comparable traffic and digital sales also showing growth; the company expects full-year sales growth of about 5 per cent.[1]
In the commodities sector, SQM sold more than 84,000 metric tons of lithium carbonate equivalent in the second quarter, marking a new quarterly record. Alongside this volume, revenue surged 136.7 per cent to 2.47 billion dollars, and the company's net income rose to 660 million dollars from 88.4 million dollars.[2]
The industrial equipment manufacturer Nordson also posted solid results, with fiscal third-quarter sales rising 10.3 per cent to 817.667 million dollars. Following the revenue increase and higher net income, the company set its full-year revenue guidance between 3.035 billion dollars and 3.075 billion dollars, lifting its overall profit forecast.[3]
