UPDATE: Sears Posts Wider Q2 Loss
Sears Holdings (NASDAQ: SHLD) posted a wider fiscal second-quarter loss.
Sears posted a quarterly loss of $194 million, or $1.83 per share, versus a year-ago loss of $132 million, or $1.25 per share. Excluding one-time items, its adjusted loss came in at $1.46 per share.
Its revenue declined 6.3%, to $8.87 billion, while gross margin shrank to 24.6% from 26.7%.
Sears shares closed at $43.27 yesterday.
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