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Target lowers profit outlook

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Target has lowered its profit outlook for the year.

The company now expects earnings per share for the year between $7 and $8. The range previously was $7 to $9 per share.

During the third quarter, Target's adjusted earnings were $1.78, above analysts' expectations of $1.72. Revenue of $25.27 billion was just below projections of $25.32 billion.

Read more from CNBC.

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