This morning, Target (NYSE: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.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.