Article: Mercantile earnings rise 6.8%. (Mercantile Stores Inc.) (Brief Article)

NEW YORK (FNS) -- Mercantile Stores Co., Inc., posted a 6.8 percent increase in second-quarter profits on a sales gain of 5.1 percent.

For the quarter, which ended July 31, the company earned $18,128,000, or 49 cents a share, compared with $16,972,000 or 46 cents, a year ago. Year-ago results include a one-time tax credit of $1.7 million. Eliminating the tax credit, earnings would have increased 18.5 percent, Mercantile said.

Sales for the quarter rose to $541,899,000 from ...

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