KEY POINTS
  • Target outpaced earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays.
  • The retailer said same-day services, including online order pickup, accounted for more than 80% of its comparable digital sales growth in the fiscal fourth quarter.
  • In fiscal 2020, Target has said earnings per share will range from $6.70 to $7, compared with analysts' estimates of $6.87.
A Target store in Culver City, California.

Target on Tuesday outpaced fourth-quarter earnings expectations, but revenue fell short because of weak sales of toys, electronics and home goods over the holidays.

Shares were trading down nearly 3% at midday.