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Wednesday, February 25, 2015

Target Q4 Earnings Jump, But Q1 Guidance Is Light



Investors.com http://ift.tt/1BUP103 Target's (TGT) solid sales performance in signature categories led the retailer to beat Wall Street expectations in the fourth quarter, but forecasts for the current quarter were cautious. After seven straight quarters of shrinking profits, earnings leapt 66.7% to $1.50 a share, ahead of views by 4 cents. In mid-January, the company decided to close up shop in Canada, contributing to a $5.1 billion pretax impairment loss during Q4. After-tax


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