Target Logistics’ Fiscal Second-Quarter Income Dips

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Freight forwarder Target Logistics’ fiscal second-quarter profit fell to $590,000 or 3 cents a share, from $976,000 or 5 cents in the previous second quarter.Revenue for the quarter ended Dec. 31 rose to $47.6 million from $46.7 million a year earlier, while operating income fell to $1.1 million from $1.8 million, Target said Thursday.The company reaffirmed its fiscal year 2007 guidance that revenue would grow 15% to 22% and that it would earn 12 to 15 cents a share.


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