MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Target Corp. (TGT) on Tuesday reported fiscal fourth-quarter profit of $1.1 billion.
On a per-share basis, the Minneapolis-based company said it had net income of $2.41.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.
The retailer posted revenue of $30.92 billion in the period, also beating Street forecasts. Twelve analysts surveyed by Zacks expected $30.77 billion.
Target expects full-year earnings in the range of $8.80 to $9.80 per share.
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