Target Reports Smaller 4Q Profits
Feb 27, 2008
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Retailer Target said that fourth-quarter profits slipped on poor holiday sales and a quirk in the earnings calendar. Earnings fell 8% to US$1.03 billion, or $1.23 per share, from $1.12 billion, or $1.29 per share last year. Revenue was up 1% to $19.87 billion, from $19.71 billion last year. Same-store sales were up 0.2%.

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