KMART VOLUME, EARNINGS INCREASE IN THIRD QUARTER

TROY, Mich. -- Kmart Corp. here said last week that sales and earnings increased for the third quarter ended Oct. 27.e-store sales increased 3.2% for the quarter and 5.2% for the nine-month period.Net income jumped 13% to $43 million, or 9 cents per share, for the quarter but fell 91.5% to $14 million, or 3 cents per share, for the nine months following a nonrecurring charge of $230 million for discontinued

TROY, Mich. -- Kmart Corp. here said last week that sales and earnings increased for the third quarter ended Oct. 27.

e-store sales increased 3.2% for the quarter and 5.2% for the nine-month period.

Net income jumped 13% to $43 million, or 9 cents per share, for the quarter but fell 91.5% to $14 million, or 3 cents per share, for the nine months following a nonrecurring charge of $230 million for discontinued operations related to the disposition of certain operating leases at Builders Square; net income for the prior year reflected a nonrecurring second-quarter charge of $13 million related to a voluntary early-retirement program at the company's distribution centers.

Kmart said income from continuing operations for the nine-month period rose 37.1% to $244 million, or 49 cents per share.