“Saks Inc. (NYSE: SKS) this morning shared in-line earnings results for the third quarter but warned that fourth-quarter results would take a hit due to Hurricane Sandy.
The New York-based department store operator posted adjusted earnings per share (EPS) of $0.12 on revenues of $713.2 million for the quarter. In the same period a year ago, it reported a EPS of $0.11 per share on revenue of $692.3 million. This quarter’s results also compare with the Thomson Reuters estimates for adjusted EPS of $0.12 and $726.1 million in revenues.
Chairman and Chief Executive Officer Stephen I. Sadove said:”
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