UPDATE: Sears Holdings Reports Wider-Than-Expected FQ2 Loss

Sears Holdings Corp SHLD reported wider-than-expected loss for the fiscal second-quarter on Thursday. Sears Holdings' quarterly loss came in at $146 million, or $1.37 per share, versus a loss of $39 million, or $0.35 per share, in the year-ago period. Sears Holdings' adjusted loss came in at $1.13 per share. Its shares outstanding dropped 5.2% to 106.8 million. Its revenue dropped to $10.33 billion from $10.46 billion. However, analysts were expecting a loss of 0.46 per share on revenue of $10.13 billion. Sears Holdings' comparable-store sales declined 0.7% in the US and 4.8% in Canada. Sears Holdings shares gained 0.43% to $60.40 in after-hours trading.