UPDATE: Sears Posts Narrower-Than-Expected Q3 Loss
Sears Holding (NASDAQ: SHLD) 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.
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