Tuesday, March 3, 2020

Target Stock Down On Q4 Sales Miss; Kohl's Shares Surge As Profit Tops Estimates

Target Corp. (TGT) reported a 10.6 percent rise in fourth-quarter adjusted earnings per share, year-on-year. Operating income increased 7.3 percent from prior year. Comparable sales were up 1.5 percent, reflecting comparable digital sales growth of 20 percent. Shares of Target Corp. were down modestly in pre-market trade on Tuesday as sales came in below analysts' projection.

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