Sears Holdings Corp. Trading Down 8% After Earnings Miss (SHLD)
Shares of Sears Holdings Corp. (NASDAQ:SHLD) fell 8% during trading on Thursday following a weaker than expected earnings announcement, AR Network reports. The company traded as low as $32.59 and last traded at $33.07, with a volume of 2,888,483 shares. The stock had previously closed at $35.95.
The company reported ($5.39) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($2.63) by $2.76. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company posted ($1.70) earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis.
The stock has a 50-day moving average of $37.99 and a 200-day moving average of $40.4. The company’s market cap is $3.593 billion.
Sears Holdings Corporation (NASDAQ:SHLD) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co (Sears) and 500 full-line and specialty retail stores in Canada operating through Sears Canada Inc (Sears Canada), a 95%-owned subsidiary.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.