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Target 4Q Short On Profit

Tuesday, March 06, 2018
AP/Gene J Puskar

MINNEAPOLIS (AP) — Target is reporting fourth-quarter earnings just shy of expectations, though revenue is better than expected.

Target had a profit of $1.1 billion, or $2.02 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share, which is 2 cents short of analyst projections, according to Zacks Investment Research.

The Minneapolis company's revenue was $22.77 billion, edging out expectations for $22.46 billion.

Target expects its per-share earnings this quarter to range from $1.25 to $1.45. Analysts expect $1.40.

The company expects full-year earnings in the range of $5.15 to $5.45 per share.

Shares of Target Corp. slipped 1.5 percent before the opening bell Tuesday.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT