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Fred's Expects 1Q Earnings Within Street View

Stock quotes in this article: FRED  

MEMPHIS, Tenn. (AP) — Discount retailer and pharmacy chain Fred's Inc. said Thursday that it expects first-quarter earnings within the range of analysts' estimates after posting a fourth-quarter profit on fewer charges.

The company, which is in the midst of a restructuring and recently named a new chief executive, anticipates net income of 19 cents to 21 cents per share.

Analysts polled by Thomson Reuters, whose estimates generally exclude one-time items, predict a first-quarter profit of 20 cents per share. ...

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