Target’s 4Q results beats estimates, but revenue falls short

Target is reporting strong fourth-quarter revenue, though its sales were a short of expectations during the crucial holiday shopping season

NEW YORK —
Target is reporting strong fourth-quarter profits, though its sales were a short of expectations during the crucial holiday shopping season.

It joins a string of other retailers, including Walmart, with disappointing sales during a shortened holiday season.

Target did deliver its 11th consecutive quarter of comparable-store sales growth.

Target also put out its annual profit projections. The bottom of the range is a little lower than investors were anticipating and shares headed lower before the opening bell Tuesday.

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