Sears Holdings Corp (SHLD) Releases Earnings Results, Beats Expectations By $1.34 EPS

Sears Holdings Corp (SHLD) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $-1.86 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.34. Analysts had a consensus of $-3.20. The company posted revenue of $5394.00 million in the period, compared to analysts expectations of $5255.80 million. The company’s revenue was down -8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-2.00 EPS.

Sears Holdings Corp opened for trading at $12.05 and hit $12.89 on the upside on Wednesday, eventually ending the session at $12.52, with a gain of 4.59% or 0.55 points. The heightened volatility saw the trading volume jump to 21,26,372 shares. Company has a market cap of $1,337 M.

In a different news, on Apr 12, 2016, Investments, Inc. Esl (CEO) purchased 57,261 shares at $14.37 per share price. According to the SEC, on Jun 17, 2015, Jeffrey A Balagna (EVP & CIO) sold 11,094 shares at $27.33 per share price.

Sears Holdings Corporation is an integrated retailer and a holding company of Kmart Holding Corporation (Kmart) and Sears Roebuck and Co. (Sears). The Company operates through two business segments: Kmart and Sears Domestic. The Company operates a network of stores with approximately 1725 full-line and specialty retail stores in the United States operating through Kmart and Sears. The Company operates a number of websites under the and banners. The Company is also the home of Shop Your Way a free member-based social shopping platform that offers rewards personalized services. Shop Your Way connects all of the ways members shop in store at home online and by phone. The Company through Kmart stores offers an array of products across many merchandise categories including consumer electronics seasonal merchandise outdoor living toys lawn and garden equipment food and consumables and apparel.

Sears Holdings Corp

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