Fred's sees 49 percent increase in net income
Fred's saw an almost 49 percent increase in net income for the fourth quarter of 2010 to $8.6 million, or $0.22 per diluted share, compared with net income of $5.8 million or $0.15 per diluted share in the year-earlier period.
United Technologies Corp. posted a 22% rise in first-quarter net income, helped by broad strength across its major units.