This morning, Target (TGT) reported fourth quarter earnings of $520 million, or 81 cents per share, as revenue slipped to $21.5 billion. Revenue was in-line with Wall Street estimates, while earnings topped the consensus by a penny. In the report, Target said the data breach resulted in a net expense of $17 million after taking into account its insurance policy. While the disclosure of the data breach did temporarily slow sales, the company noted that recent trends have been encouraging. In early trading, shares of Target were higher by 3.7% so far.
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