Target has said the data breach that hit its stores over the holiday season has contributed to a loss in profits—to the tune of 46 percent, Associated Press reports, while sales fell 5.3 percent. “Target says it earned $520 million, or 81 cents per share, for the three months that ended February 1. That compares with a profit of $961 million, or $1.47 per share, a year earlier,” the report states, noting revenue also dropped from $22.7 billion to $21.5 billion.
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