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.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SRSC at


Keywords: Sears Canada, Earnings Report