Target Corporation (TGT) Reports Fourth-Quarter Results

Discount retailer Target Corporation (NYSE: TGT) has reported results for the fourth-quarter ended January 30.

Target Corporation, which is the No. 2 discount retailer in the US, reported revenue of $19.72 billion, an increase of 3.7% over the same period last year. The retailer said that sales during the holiday season were better-than-expected.

Target reported net income of $936 million or $1.24 per share for the quarter, which is higher than the net income of $609 million or $0.81 per share reported for the same period last year. The company had EPS of $1.17, excluding a lower provision for income taxes.