Target Stock Surges on Q4 Earnings Beat

Key TakeawaysTarget shares surged over 11% in early trading Tuesday as the retailer posted stronger-than-expected earnings for the fourth quarter of 2023.The retail giant reported net income of $1.38 billion, up 57.8% from the year-ago quarter and well above analyst expectations and Target's own guidance.Lower costs and improved inventory management helped boost Target's profit while sales rose.However, the company warned of a decline in comparable sales in the current quarter.Target also said it plans to r ...