MINNEAPOLIS (AP) _ Target Corp. (TGT) on Tuesday reported fiscal fourth-quarter profit of $1.38 billion.

The Minneapolis-based company said it had profit of $2.73 per share. Earnings, adjusted for non-recurring gains, were $2.67 per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.53 per share.

The retailer posted revenue of $28.34 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $27.51 billion.

Target shares have climbed slightly more than 5% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 4%. The stock has climbed 76% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TGT at https://www.zacks.com/ap/TGT

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News