Shares of Saks Incorporated SKS closed Tuesday trading down 4.28% at $8.94 per share.
Volume of 12.2 million shares shares was 2.6 times the daily average volume of nearly 4.7 million shares.
Shares of Saks Incorporated had a trading range of $8.87 to $9.96 per share.
Saks Incorporated announced on Tuesday before the market opened that it beat consensus Wall Street estimates.
Saks Incorporated reported that a 1st quarter profit of 11 cents per share, on sales of $667.4 million.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 5 cents per share.
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