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Target's first-quarter profit falls 16%, misses estimates
Target's first-quarter profit falls 16%, misses estimates

Target Corp., struggling to rebound from last year's hacker attack and a botched Canadian expansion, posted first-quarter profit that missed analysts' estimates and cut its annual forecast. Net income fell 16% to $418 million, or 66 cents a share, from $498 million, or 77 cents, a year earlier, the Minneapolis company said Wednesday. Analysts had projected 71 cents on average, according to data compiled by Bloomberg. Still, same-store sales didn't decline as much as predicted, signaling to investors that a comeback may be underway. Target is trying to regain its footing as it searches for a new chief executive, revamps its Canadian division and copes with the theft of 40...

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