Target reduces earnings forecast; Q1 sales flat

Target reduces earnings forecast; Q1 sales flat

Target on Wednesday said its earnings would likely be lower than previously expected for the fiscal year, citing cost uncertainties related to aftereffects of its data breach. Net earnings in the first quarter ended May 3 fell slightly below analyst expectations, although flat sales were somewhat higher than expected.

Net earnings of $418 million for the quarter decreased by 16% from the same period last year, while total s

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