USA: Neiman Marcus Profit Rises, Beats Estimates
Neiman Marcus Group Inc said on Monday its first-quarter operating profit rose 20.1 per cent, beating analysts' estimates, boosted by strong sales in fine apparel, men's sportswear, and jewelry. The company, whose stores include high-end retailers Neiman Marcus and Bergdorf Goodman, said its net income rose to $50m, or $1.05 a diluted share including a gain on an accounting charge, from $37.4m, or 76 cents a share, in the year-ago quarter.
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