November 18, 2009 / 2:10 PM / 8 years ago

UPDATE 1-Economy weighs on Sears Canada's results

* EPS C$0.44 vs C$0.55 year earlier

* Revenue down 9.2 percent at C$1.31 bln

* Same-store sales drop 6.3 percent

TORONTO, Nov 18 (Reuters) - Sears Canada Inc SCC.TO, the nation’s No. 2 department-store chain, said on Wednesday that quarterly profit fell 21 percent due to economic uncertainty and poor consumer confidence.

Sears Canada, which is majority owned by Sears Holdings Corp SHLD.O, earned C$47.1 million ($44.9 million), or 44 Canadian cents a share, in the third quarter ended Oct. 31, down from C$59.3 million, or 55 Canadian cents a share, a year earlier.

Revenue fell 9.2 percent to C$1.31 billion as stores at open for at least a year, a key performance measure known as same-store sales, dropped 6.3 percent. ($1=$1.05 Canadian) (Reporting by Scott Anderson; Editing by Lisa Von Ahn)

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