Bear Of The Day: Sears Holding Corp. (SHLD)
Sears Holdings Co. (NASDAQ:SHLD) continues to disappoint with its overall performance. The company’s third-quarter 2011 adjusted loss of $2.57 per share was wider than the Zacks Consensus Estimate of a loss of $2.14 as well as prior-year quarter loss of $1.71, attributable to sluggish top-line performance. Moreover, Sears received a setback as the company reported [...]
Sears Holdings Co. (NASDAQ:SHLD) continues to disappoint with its overall performance. The company’s third-quarter 2011 adjusted loss of $2.57 per share was wider than the Zacks Consensus Estimate of a loss of $2.14 as well as prior-year quarter loss of $1.71, attributable to sluggish top-line performance.
Moreover, Sears received a setback as the company reported a decline of 5.2% in its comparable store sales during the busiest shopping period of the year. Management’s cost cutting initiatives for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards