Toys R Us 4th-Quarter Net Income Rises 76%

Toys R Us Inc. said fourth-quarter earnings jumped 76% after lower operating expenses helped mitigate slow holiday sales.

Net income rose to $278 million, or $1.30 a share, from $158 million, or 78 cents, a year ago, Toys R Us said. Sales in the period ended Feb. 1 rose 2.3% to $4.87 billion.

Shares of Paramus, N.J.-based Toys R Us fell 1 cent to $7.90 on the NYSE.