News Summary

Shares of Sears Holdings Corp SHLD fell about 4.3% after the company swung to a FQ1 loss from a year-ago profit. Sears Holdings posted a 3.6% drop in its domestic same-store sales. The company posted a quarterly loss at $170 million, or $1.58 per share, versus a net income of $16 million, or $0.14 per share, in the year-ago period. On an adjusted basis, Sears' loss came in at $1.39 per share. Its shares outstanding dropped 6% to 107.8 million. The company's revenue dropped to $9.71 billion from $10.05 billion. However, analysts were expecting a loss of $1.22 per share on revenue of $9.73 billion. Shares of Tiffany & Co TIF fell about 0.5% after the company announced a quarterly dividend of $0.29 per share. The quarterly dividend is 16% higher than its earlier payment of $0.25 per share. Shares of Dollar Tree Inc DLTR gained about 3.5% after the company reported upbeat results for the first quarter. Dollar Tree reported its quarterly profit at $101 million, or $0.82 per share, versus $63.6 million, or $0.49 per share, in the year-earlier period. The company's sales surged to $1.55 billion from $1.35 billion. Its comparable store sales jumped 7.1%. However, analysts were expecting a profit of $0.75 per share. Dollar Tree projects its Q2 profit of $0.68 to $0.75 per share. For the year, the company lifted its earnings guidance to $3.69 to $3.85 per share, from its earlier guidance of $3.55 to $3.76 per share. However, analysts expected earnings of $0.73 per share for the second quarter and $3.74 per share for the year. Read more from Benzinga's Markets.