UPDATE: Sears Reports Wider Third-Quarter Loss

Sears Holdings

reported a wider fiscal third-quarter loss. Sears posted a quarterly loss of $534 million, or $5.03 per share, versus a year-ago loss of $498 million, or $4.70 per share. Excluding one-time items, it lost $2.88 per share. Its revenue declined 6.6% to $8.27 billion. Sears shares closed at $61.70 yesterday.