After-Hours Buzz: Nokia, Microsoft, Micron & More
Gregg Steinhafel
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Feb 27- Retailer Target Corp appears poised for a solid showing in the first quarter and forecast a higher profit for the year after a weak performance in the key holiday season. For the current year, Target forecast adjusted earnings of $4.85 to $5.05 per share, which would exceed the $4.76 it earned last year.
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Feb 27- Target Corp on Wednesday offered a cautious outlook for consumer spending in 2013 following a weak holiday quarter and said it was on track with its massive Canadian store opening plans this year. "We have a tempered view of the near-term sales environment," he said, adding that shoppers, or "guests" as Target calls them, are "quite resilient."
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*January sales at Macy's, Target, Costco exceed Wall Street views. *Kohl's beats but does not raise profit forecast. Macy's Inc, whose shares rose 0.4 percent, was an exception.
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*January sales at Macy's, Target, Costco exceed Wall Street views. Macy's Inc said sales at stores open at least a year rose 11.7 percent last month, easily beating forecasts, as the company benefited from its speed in getting new merchandise into its stores. Macy's shares were up 3 percent in early trading.
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Jan 8- Target Corp said on Tuesday it will match on a year-round basis the prices found on the websites of key rivals Amazon.com Inc, Best Buy Co Inc, Wal-Mart Stores Inc and Toys R Us, its latest tactic to hold onto shoppers focused on price.
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