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Target Shares Sink After Reporting Dismal Fourth-Quarter Earnings

It was a rough fourth quarter for retailer Target.
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It was a rough fourth quarter for retailer Target (TGT) - Get Target Corporation Report, which reported earnings of $1.45 a share, missing estimates of $1.51. Same store sales, an important industry metric, declined 1.5%, a greater decrease than analyst had expected. Full year earnings guidance of between $3.80 and $4.20 a share also missed analysts' expectations of $5.34. The company attributed the lackluster results to the rise of digital shopping.
TheStreet's Scott Gamm reports from Wall Street.

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