Target (NYSE: TGT) stock was flying higher today after the struggling retailer posted better-than-expected results on the bottom line in its third-quarter earnings report.

The report helped reassure investors that the bottom-line challenges Target faced last year are temporary even as it struggles with weak demand for discretionary items and a spike in theft.

As of 12:22 p.m. ET, the stock was up 17% on the news.

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Source Fool.com