Market Overview

UPDATE: Sears Posts Wider Q2 Loss

Share:

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.

Posted-In: lossEarnings News

 

Related Articles (SHLD)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com