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Nov 15 (Reuters) – Sears Holdings Corp reported a
smaller-than-expected quarterly loss as it managed costs and
maintained a leaner inventory.
Sears’ third-quarter net loss from continued operations
widened to $498 million, or $4.70 per share, from $410 million,
or $3.85 a share, a year earlier.
On an adjusted basis, the loss was $1.99 per share.
Analysts on average had expected a loss of $2.18 per share,
according to Thomson Reuters I/B/E/S.
Sales fell 6 percent to $8.86 billion, while analysts
expected $8.59 billion.
