Tuesday, February 28, 2023

Target Q4 Results Top Estimates; Sees Q1, FY23 Earnings Below Market

Discount retailer Target Corp. reported Tuesday weak earnings in its fourth quarter, while adjusted earnings and top line beat market estimates. Looking ahead, the Minneapolis-based company projects earnings for the first quarter and fiscal 2023 below the Street view. In pre-market activity on the NYSE, Target shares were gaining around 3 percent.

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