“MINNEAPOLIS (AP) — Target’s fiscal fourth-quarter net income dipped 2 percent as it dealt with intense competition during the crucial holiday season. But its adjusted results beat analysts’ estimates and it forecast first-quarter earnings above Wall Street’s view.
Shares rose almost 2 percent in premarket trading Wednesday.
The Minneapolis-based company earned $961 million, or $1.47 per share, for the period ended Feb. 2. That’s down from $981 million, or $1.45 per share, a year earlier….”
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