Sears Declare Earnings: Face Second Quarter Loss (SHLD)

Sears Holdings Corp SHLD, said its second-quarter net loss shrank to $39 million, or $0.35 a share, from $94 million, or $0.79 a share, in the earlier quarter. The company reported an adjusted net loss of $0.19 per share compared to $0.17 per share in the previous year. Original forecast spelled a loss of $0.17 a share in the latest quarter, according to an analysts’ poll conducted by FactSet Research. Sales were also southward bound to $10.46 billion from $10.55 billion. SHLD is trading at $70, up 4.09% in pre-market today. Read more from Benzinga's Markets.