Sears Holdings Reports Third Quarter 2017 Results

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Go back to Sears Holdings Reports Third Quarter 2017 Results

Sears Holdings (SHLD) Posts Smaller-Than-Expected Q3 Loss, Revenues Beat

November 30, 2017 6:05 AM EST

Sears Holdings (NASDAQ: SHLD) reported Q3 EPS of ($2.64), $1.82 better than the analyst estimate of ($4.46). Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.34 billion.

Edward S. Lampert, Chairman and Chief Executive Officer of Holdings, said, "In the third quarter, we continued to narrow our losses and delivered another quarter of Adjusted EBITDA improvement of at least $100 million. With the challenging retail landscape continuing to pressure sales, the improvement in Adjusted EBITDA is reflective of the success of the strategic priorities... More