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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: LastShadow who wrote (9393)	5/13/1998 11:48:00 AM
From: Jenna	Respond to of 120523

Kmart, Federated profits soar, beating forecasts TROY, Mich., May 13 (Reuters) - Two of the nation's largest retailers, Kmart Corp. and Federated Department Stores Inc., Wednesday reported sharply higher earnings for the latest quarter that beat expectations on Wall Street. Kmart, the second-biggest retailer, said net income more than tripled in the quarter on strong sales of Sesame Street children's clothing and other items. Federated, which owns Bloomingdale's, Macy's and other chains, said earnings jumped 150 percent but that profit growth would slow later this year.