NEW YORK — While hardly bullish about the new year, Saks Inc. ended 2002 with a bottom-line rush that surprised Wall Street into driving up its stock.

Fourth-quarter net income rose 26.2 percent to $68.1 million, or 47 cents a diluted share, from $54 million, or 37 cents, a year ago. Without special items, income advanced 16.9 percent to $84.4 million, or 58 cents a share, from $72.2 million, or 50 cents, a year ago.

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