Saks Inc. (SKS) reported earnings of 20 cents per share for the third quarter, compared with 4 cents per share a year earlier.
The results for the third quarter included a gain of 14 cents per share related to the reversal of certain estimated income tax reserves deemed no long necessary. Without this gain, Saks would have reported earnings of 6 cents per share, the company said.
Total sales rose…
Continue reading Saks Earnings Jump to 20 Cents Per Share
Saks Earnings Jump to 20 Cents Per Share originally appeared on DailyFinance on Tue, 16 Nov 2010 08:18:00.
Filed Under: Company News, Earnings, Saks, Retail