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 CHICAGO (AP) - Retailer Sears Holdings Corp. said Thursday that its first-quarter earnings grew 20 percent on one-time gains while U.S store sales dropped.
For the quarter ending May 5, net income was $216 million, or $1.40 per share, compared with $180 million, or $1.14 cents per share, a year earlier.
Excluding one-time items, including a legal settlement and retirement benefit, the company earned $1.10 per share compared with an adjusted figure of $1.11 per share during the first-quarter in 2006.
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