Sears Reports 35.7% Leap in Profit for First Quarter
From Times Wire Services
Sears, Roebuck & Co. on Thursday reported a 35.7% jump in first-quarter earnings, reflecting better results from all its businesses, including its retail operations, and a one-time gain from property sales.
Sears said it earned $321.8 million, or 89 cents a share, for the first three months of this year, up from $237.2 million, or 69 cents a share, for the same period a year earlier.
