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Sears Shares Soar Despite Huge Earnings Miss:
Sears Holdings (SHLD) reported fourth quarter earnings this morning. Sales
were in-line with expectations but profits came in light; very light.
Excluding one-time charges, the company reported EPS -earnings per share- of
$0.54 versus an estimated $0.78 (according to Factset). Including expenses,
the company lost $2.4 billion or $22.47 per share.
Despite this earnings disappointment, Sears shares are rip-roaring higher by
more than 20%. Clearly the stock and the quarterly results don't match-up
the way you'd expect.
Sears Holdings (SHLD) reported fourth quarter earnings this morning. Sales
were in-line with expectations but profits came in light; very light.
Excluding one-time charges, the company reported EPS -earnings per share- of
$0.54 versus an estimated $0.78 (according to Factset). Including expenses,
the company lost $2.4 billion or $22.47 per share.
Despite this earnings disappointment, Sears shares are rip-roaring higher by
more than 20%. Clearly the stock and the quarterly results don't match-up
the way you'd expect.