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Target (TGT) reported dismal results yesterday. Profit at the No. 2 retailer fell 46% percent to $341 million, or 54 cents per share.

target, tgt, target stock, tgt stockThe Minnesota company’s foray north of the border, its first outside the U.S., isn’t going well. During the last quarter, the business lost $238 million before interest and taxes. Unfortunately, its U.S. business isn’t doing very well, either. U.S. same-store sales fell 0.3% in the third quarter.

Still, despite the problems, shares of TGT have gained more than 7% since January.

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