Sears quarterly profit tops estimates
Feb 28 (Reuters) - Retailer Sears Holdings Corp reported a higher-than-expected quarterly profit before special items, boosted by lower costs.
The operator of Sears department stores and the Kmart discount chain said its net loss in the fourth quarter narrowed to $489 million, or $4.61 a share, from $2.4 billion, or $22.47 a share, a year earlier.
Excluding items, the company earned $1.12 a share. Analysts on average were looking for a profit of 98 cents, according to Thomson Reuters I/B/E/S.
- Exclusive: Secret contract tied NSA and security industry pioneer |
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens
- Four men arrested in deadly N.J. shopping mall carjacking
- With Fed out of the way, what's next on Wall Street?
- Analysis: Lost Brazil order raises threat to Boeing fighter jets