UPDATE: Sears Posts Narrower-Than-Expected Q3 Loss

Sears Holding

reported a narrower adjusted Q3 loss. Sears posted a quarterly loss of $498 million, or $4.70 per share, versus a year-ago loss of $421 million, or $3.95 per share. Excluding one-time items, Sears posted a loss of $1.99 per share, versus $2.50 per share. Its revenue fell around 6% to $8.86 billion. However, analysts were expecting a loss of $2.18 per share on revenue of $8.59 billion. Sears shares closed at $58.48 yesterday.