Sears Holdings Reports First Quarter 2017 Results

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Go back to Sears Holdings Reports First Quarter 2017 Results

Sears Holdings (SHLD) Posts Wider-than-Expected Q1 Loss of $2.15/Share, Revenues Top Views

May 25, 2017 6:01 AM EDT

Sears Holdings (NASDAQ: SHLD) reported Q1 EPS of ($2.15), $1.43 worse than the analyst estimate of ($0.72). Revenue for the quarter came in at $4.3 billion versus the consensus estimate of $4.05 billion.

Edward S. Lampert, Holdings' Chairman and Chief Executive Officer, said, "While this was certainly a challenging quarter for our Company, it was also one that clearly demonstrated our commitment to return Sears Holdings to solid financial footing. We recognize that we need to accelerate our efforts to improve our operational performance and are moving decisively with our $1.25... More