Monday, May 21, 2007

Saks profit tops estimates as sales improve

(Reuters) - Profit fell to $11 million, or 7 cents a diluted share, in the first quarter ended May 5 from $77.9 million, or 57 cents a share, a year earlier.




Excluding special items, including expenses of 9 cents a share tied to retention and severance costs, profit in the latest quarter was 19 cents a share. Analysts had expected 15 cents, according to Reuters Estimates.


Read more at Reuters.com Market News

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