Sears Holdings Corporation SHLD announced on Thursday morning that it beat consensus Wall Street earnings estimates.
Sears Holdings Corporation reported that its 1st quarter net income fell to $16 million, or 14 cents per share, down from $26 million, or 21 cents per share, a year earlier.
Excluding special items, the company earned 16 cents per share.
Revenue at the operator of Kmart and Sears stores fell to $10.05 billion.
Comparable store sales rose 1.2% at Sears domestic and 1.7% at Kmart.
According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 14 cents per share.
The closing price of Sears Holdings Corporation on Wednesday was $99.56 per share.
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