BUSINESS BRIEFING / EARNINGS
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TIMES WIRE REPORTS
Target Corp. reported a 13% decline in first-quarter profit but beat analysts’ estimates.
The Minneapolis discount retailer said it earned $522 million, or 69 cents a share, compared with $602 million, or 74 cents, a year earlier. Revenue was little changed at $14.83 billion.
Analysts were expecting earnings of 60 cents a share on revenue of $14.81 billion.
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