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(Image from article: "Target Earnings Rise 18%; Saks Reports Profit")

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Target Earnings Rise 18%; Saks Reports Profit

Target's earnings rose 18%, snapping a streak of eight quarterly declines, as the discount retailer saw improvement in its retail and credit-card operations. Saks swung to a $1.9 million profit.

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Quarterly results from Target, Saks beat Wall Street

Retailers Target Corp and Saks Inc posted better-than-expected quarterly results on Tuesday as they clamped down on expenses and inventory to offset falling sales, sending shares higher.

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