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EARNINGS

April 21, 1993

Sears, Roebuck & Co. reported a 59% increase in profit in the first quarter, its first period since beginning a massive restructuring. The retailer posted net income of $435 million, or $1.13 a share, contrasted with a loss of $1.6 billion, or $4.54, a year ago after a $1.9-billion accounting charge for retiree benefits and income taxes.

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