Saks a quarter less than expected

"MarketWatch New York May 19," Beijing time May 19 Evening news, high-end goods retailer Saks Inc. (SKS) reported losses in the first quarter as wealthy customers cut spending, but its performance remained better than Wall Street analysts had expected. The company announced that, as of May 2, the first quarter, the loss of 5.1 million U.S. dollars, the loss of 4 cents per share, and the same period last year, profits of 17.3 million U.S. dollars, the earnings of 12 cents per share.　　Revenue from the first quarter fell 27% from $850 million a year earlier, to $621.3 million trillion. On average, Wall Street analysts expected the company to lose 26 cents per share in the first quarter, with a revenue of 620 million dollars.