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Target earnings surged more than 50 percent in the fourth quarter, totaling $936 million, or $1.24 per share, as compared to $609 million, or 81 cents per share, in the fourth quarter of 2008. The #2 US discount store behind Wal-Mart (WMT), Target said sales rose 3.7 percent in the quarter, to $19.7 billion.

Copyright (2010) Market News Video.