TRENTON, N.J. Toys R Us Inc. on Monday reported a 75 percentplunge in profits for its second quarter as sales cooled and lossesfrom its year-old Web site cut earnings.
Still, the company beat analysts' expectations by a penny.
The Paramus, N.J.-based seller of games, toys, clothing and otheritems for children said net earnings for the three months ending July29 totaled $3 million, or 1 cent per share, beating the break-evenforecast of analysts surveyed by First Call/Thomson Financial. A yearearlier, net earnings totaled $12 million, or 5 cents per share.
Meanwhile, sales slid 9.5 percent, to $2 billion from $2.2billion. The company said second-quarter revenues …
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