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Neiman Marcus


posted a 61% increase in third-quarter earnings Wednesday, citing increased sales of full-price merchandise and inventory and expense management.

The luxury retailer earned $68.9 million, or $1.40 a share, matching the Wall Street consensus. The results compared to a profit of $41.1 million, or 87 cents a share, in the year-earlier period.

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Sales jumped 21.4% to $878 million. Combined third-quarter sales at the company's Neiman Marcus and Bergdorf Goodman specialty retail stores increased to $722 million from $591 million a year ago. Neiman Marcus Direct had revenue of $126 million, up from $113 million in the year-earlier period.

Same-store sales at Neiman Marcus stores spiked 21% in the quarter, the company said.

Shares of the Dallas-based company closed up 16 cents, or 0.3%, at $51.39 Wednesday on the

New York Stock Exchange