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VOL. 35 | NO. 7 | Friday, February 18, 2011




Target's 4Q profit rises 10 pct on solid holiday

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MINNEAPOLIS (AP) — Target Corp. is reporting a 10 percent gain in fourth-quarter profits, boosted by an improving credit card business and solid holiday sales.

The discounter reported net income of $1.03 billion, or $1.45 per share in the three months ended Jan. 29. That compares with $936 million, or $1.24 per share, in the same period last year.

The results included an income tax benefit of 7 cents.

Total revenue rose 2.4 percent to $20.66 billion. Revenue at stores opened at least a year also rose 2.4 percent.

Analysts were expecting $1.39 per share on revenue of $20.28 billion.

Target is based in Minneapolis.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0