Target’s Earnings Up 11% in 4Q

Minneapolis, MN, February 17,--Target Corp. in the fourth quarter posted earnings that were up 11 percent to $825 million, or $0.91 per share, from $823 million, or $0.90 a share in the prior year. Analysts had forecast earnings of $0.89 in the quarter Sales rose to $15.19 billion from $13.68 billion, the company said in a statement. Same store sales were up 5.4 percent in the period.