MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Tuesday reported fiscal fourth-quarter earnings of $1.38 billion.
The Minneapolis-based company said it had profit of $2.98 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share.
The retailer posted revenue of $31.47 billion in the period, missing Street forecasts. Twelve analysts surveyed by Zacks expected $31.84 billion.
For the current quarter ending in April, Target expects its per-share earnings to range from $1.70 to $2.10.
The company expects full-year earnings in the range of $8.60 to $9.60 per share.
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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