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Target Q4 Profit Narrows 2% in “Highly Promotional” Environment

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Target Q4 Profit Narrows 2% in “Highly Promotional” Environment

Minneapolis—Target Corp. today reported a 2% decline in its fourth quarter profit but projected 2013 profit increases ahead of analysts’ estimates. For the quarter ended Feb. 2, the mass merchant posted earnings of $961 million, or $1.47 a share, compared to a profit of $981 million, or $1.45 a share, a year earlier. Per-share profit [...]

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