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Target rattles Wall Street with weak quarter, outlook

This Wednesday, June 29, 2016, photo, shows a Target store in Hialeah, Fla. Target Corp. reports financial results, Tuesday, Feb. 28, 2017. (AP Photo/Alan Diaz) This Wednesday, June 29, 2016, photo, shows a Target store in Hialeah, Fla. Target Corp. reports financial results, Tuesday, Feb. 28, 2017. (AP Photo/Alan Diaz)

By Associated Press February 28, 2017 1 min read

MINNEAPOLIS (AP) – Target Corp. on Tuesday reported fiscal fourth-quarter net income of $817 million.

The Minneapolis-based company said it had profit of $1.45 per share.

The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The retailer posted revenue of $20.69 billion in the period, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $20.75 billion.

Target expects full-year earnings to be $3.80 to $4 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT

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Keywords: Target, Earnings Report, Priority Earnings