Target beats fourth-quarter sales forecast, sees first quarter growth

Target said comparable sales at stores open longer than a year rose 3.8 percent in the November-January quarter. Adjusted earnings per share, which excludes items including a massive loss related to the Canada exit, came to $1.50 in the fourth quarter. For the current quarter to end-April, Target forecast adjusted earnings per share of $0.95 to $1.05, up from $0.92 in the first quarter of 2014 and compared with the average analyst estimate of $1.04, according to Thomson Reuters I/B/E/S.

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