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Target blames earnings miss on poor spring weather

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Target officials cited poor weather during the spring when reporting worse-than-expected earnings and sales.

During the first quarter, adjusted earnings came to $1.32 per share, less than the $1.39 per share analysts were looking for.

Revenue was $16.56 billion. Analysts in a Thomson Reuters survey expected $16.58 billion.

Read more from CNBC.

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