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Target reported a net loss of $2.64 billion, or $4.10 per share, compared to net income of $520 million, or 81 cents per share, last year. The net loss was due to the company’s exit from Canada. Excluding its withdrawal from Canada, Target’s EPS was $1.50, compared to $1.31 last year. Analysts expected to see adjusted EPS of $1.46.
Sales rose 4.1% to $21.75 million from $20.89 billion last year. Analysts expected to see revenue of $21.63 billion. Comparable store sales rose 3.8% during the quarter.
Looking ahead to the first quarter, the company expects to see EPS between 95 cents and $1.05. The company said that it will provide FY2015 guidance on March 3.
During the fourth quarter, Target’s online sales rose 30%. Currently, online sales account for 2.5%-3% of the company’s total sales.
|VWNFX||Vanguard Windsor II||2.05%|
|DODFX||Dodge & Cox Stock||1.68%|
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