The chain's fiscal 2013 outlook is for adjusted earnings between $4.85 and $5.05 per share. Wall Street expects earnings of $4.87 per share.
In a call with investors, Chief Financial Officer John Mulligan said he expects revenue in stores open at least one year to be in line with the current year's 2.7 percent rise.
Target's stock fell 93 cents, or 1.5 percent, to close at $63.12 Wednesday.
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