MINNEAPOLIS, Feb. 26 (UPI) -- Target saw its fourth quarter earnings fall on account of the major data breach it had before Christmas, cutting its profits by 40 percent.
The data breach, which affected up to 110 million customers, saw the company's earnings drop to $521 million in the fourth quarter, down 46 percent from the same period the year before, when earnings were $961 million. Their earnings per share also dropped from $1.47 the year before to 81 cents this year.