Sears reports 1Q loss

AP News
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Posted: Jun 08, 2015 6:30 AM

HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. (SHLD) on Monday reported a loss of $303 million in its fiscal first quarter.

On a per-share basis, the Hoffman Estates, Illinois-based company said it had a loss of $2.85. Losses, adjusted for one-time gains and costs, were $2 per share.

The department store operator posted revenue of $5.88 billion in the period.

Sears shares have increased 24 percent since the beginning of the year. The stock has dropped slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHLD at http://www.zacks.com/ap/SHLD

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