CHICAGO (Reuters) - Target Corp posted a 10.5 percent increase in quarterly profit, helped by strong sales early in the holiday season.
The U.S. discount chain earned $1.04 billion, or $1.45 per share, in the fourth quarter ended January 29, compared with $936 million, or $1.24 per share, a year earlier.
In January, Target said a profit of $1.40 per share was a reasonable estimate.
Sales rose 2.8 percent to $20.28 billion.
(Reporting by Brad Dorfman and Jessica Wohl; Editing by Lisa Von Ahn)
