Saks Incorporated (SKS)

Saks Tuesday said that for the third quarter ended October 31, 2009 the Company posted net income of $1.9 million, or $.01 per share. This compares to a net loss of $43.7 million, or $.32 per share, for the prior year third quarter ended November 1, 2008. Revenue fell 8.5 percent to $631.4 million from $690.3 million a year earlier, and sales at stores open more than a year declined 10.1 percent.
The slight profit surprised analysts.

Nov 17 · 12:16:00 PM · Source: Company News Release
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by Larry Etter