UPDATE: Sears Posts Q4 Loss

Sears Holdings

posted a narrower fourth-quarter loss. Sears posted a quarterly loss of $358 million, or $3.37 per share, versus a year-ago loss of $489 million, or $4.61 per share. Its adjusted loss came in at $0.96 per share. Its revenue slipped 14% to $10.59 billion versus $12.26 billion. Its sales at stores opened at least a year tumbled 6.4%. For the full year, Sears posted a loss of $1.37 billion, or $12.87 per share, versus a year-earlier loss of $930 million, or $8.78 per share. Sears shares closed at $40.40 yesterday.