Target Misses on Guidance. But Stock Rises as Quarterly Profit and Sales Impress.

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Target missed analysts’ expectations for guidance, but the stock climbed as quarterly earnings and sales impressed.

The retailer said earnings per share would be between $1.50 and $1.90 for the fiscal first quarter, compared with average estimates collected by FactSet of $2.15. For the fiscal year, Target (ticker: TGT) sees earnings of between $7.75 to $8.75 a share, compared with analysts’ expectations of $9.18.