News

Sears Canada posts 3rd-quarter loss of $40.4 million

TORONTO – TORONTO (AP) _ Sears Canada Inc. (SRSC) on Thursday reported a loss of $40.4 million in its fiscal third quarter.

On a per-share basis, the Toronto-based company said it had a loss of 40 cents. Losses, adjusted for severance costs, were 35 cents per share.

The retailer posted revenue of $602.1 million in the period.

Sears Canada shares have fallen 17 per cent since the beginning of the year. The stock has declined 14 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRSC at http://www.zacks.com/ap/SRSC

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Keywords: Sears Canada, Earnings Report