Sears takes a big loss, $170 million...
Posted in the Muskogee Forum
Since: Sep 09
#1 Jul 7, 2011
As it looks now, Sears is going to close.
Some kind of action will come from this!
"HOFFMAN ESTATES, Ill., May 19, 2011 /PRNewswire/-- Sears Holdings Corporation ("Holdings," "we," "us," "our" or the "Company")(NASDAQ: SHLD) today reported its first quarter 2011 results. In summary, we reported:
Net loss attributable to Holdings' shareholders for the quarter of $170 million, or $1.58 per diluted share, in 2011, compared to net income of $16 million, or $0.14 per diluted share, in 2010;
Adjusted loss per diluted share for the first quarter of $1.39 in 2011 and adjusted earnings per diluted share of $0.16 in 2010; and
Adjusted EBITDA for the quarter of $63 million ($78 million domestic and $(15) million at Sears Canada) in 2011 and $304 million in 2010.
These results were within our previously announced range of net loss attributable to Holdings' shareholders of between $145 million and $195 million, or between $1.35 and $1.81 per diluted share and Adjusted EBITDA of $25 million to $105 million."
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