Target's 4Q results beats estimates, but revenue falls short
AP Retail Writer | Hagadone News Network | UPDATED 5 years, 9 months AGO
NEW YORK (AP) — Target is reporting strong fourth-quarter profits, though its sales were a short of expectations during the crucial holiday shopping season.
It joins a string of other retailers, including Walmart, with disappointing sales during a shortened holiday season.
Target did deliver its 11th consecutive quarter of comparable-store sales growth.
Target also put out its annual profit projections. The bottom of the range is a little lower than investors were anticipating and shares headed lower before the opening bell Tuesday.
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