Sears Shares See Premarket Bump After Q4 Results Beat Wall Street Expectations

By Trey Williams Markets MarketWatch Pulse

Shares of Sears Holdings Corp. were up nearly 7% in premarket trade on Thursday after the company reported a smaller fourth-quarter loss and revenue that was better than Wall Street expected. Sears reported a net loss of $607 million, or $5.67 per share for the quarter, compared with a loss of $580 million, or $5.44 per share during the year-prior period. The company's adjusted loss per share came in at $1.28, while analysts surveyed by FactSet had forecast the company would post a loss of $2.85 per share. Revenue for the quarter hit $6.1 billion, down from $7.3 billion in the year-earlier period, but above FactSet's $5.9 billion consensus. Shares of Sears have declined more than 56% during the trailing 12-month period, underperforming the S&P 500 index , which is up nearly 19%.

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