Saks Incorporated(NYSE:SKS) delivered better-than-expected fourth-quarter 2011 earnings of 17 cents per share, surpassing the Zacks Consensus Estimate by 3 cents. The results also exceeded the earnings of 13 cents per share in the year-ago quarter.
The fiscal 2011 earnings of 44 cents also surpassed the prior-year earnings of 19 cents per share and the Zacks Consensus Estimate of 38 cents.
The results were driven by robust operating performance, strong same-store sales growth and gross margin … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards