News

Sears Holdings posts 3rd-quarter loss of $454 million

HOFFMAN ESTATES, Ill. (AP) _ Sears Holdings Corp. (SHLD) on Thursday reported a loss of $454 million in its fiscal third quarter.

The Hoffman Estates, Illinois-based company said it had a loss of $4.26 per share. Losses, adjusted for non-recurring costs, came to $2.86 per share.

The department store operator posted revenue of $5.75 billion in the period.

Sears shares have dropped 38 per cent since the beginning of the year. The stock has dropped 40 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 SHLD at http://www.zacks.com/ap/SHLD

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