Sears Holdings Corporation (NASDAQ:SHLD) Loss Widens, Management Still Optimistic – SHLD, KSS, JCP, M

Sears Holdings Corporation (NASDAQ:SHLD), an S&P component announced its results for the recently ended quarter.

The company reported that its loss for the third-quarter swelled to $498 million ($4.70 per diluted share) against $421 million (loss of $3.95 per share) in the similar phase last year. Revenue for the quarter plunged 5.8% to $8.86 billion in contrast to the year ago same period revenue figure.

Lou D’Ambrosio, Sears Holdings’ Chief Executive Officer and President, stated that for the Q3 and year-to-date, we enhanced EBITDA, boosted our core actions and produced substantial cash by carrying out the steps we sketched at our Annual meeting.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Kohl’s Corporation (NYSE:KSS) fell -0.31% to settle at $51.03, J.C. Penney Company, Inc. (NYSE:JCP) moved down -1.33% to end at $16.28 while Macy’s, Inc. (NYSE:M) jumped +2.14% to finish at $40.18 on Friday.

Sears Holdings Corporation (NASDAQ:SHLD) last session’s volume of 6.63 million shares was higher than its average volume of 933,743 shares. The stock after opening at $54.72 hit high price of $55.18 and then closed at $47.49 by scoring -18.79%.

SHLD generated revenue of $40.08 billion in the previous twelve months. The Company showed a negative -7.05% in the net profit margin as well as in its operating margin which remained at -2.26%. Company’s annual sales growth for the past five years was -4.75%.

The SHLD’s past twelve months’ price to sales ratio was 0.13 and price to cash ratio remained 8.13. As far as the returns are concerned, SHLD’s return on equity was recorded as -49.27% and return on investment decreased -22.39% while its return on asset stayed at -11.91%.

The stock showed weekly downbeat performance of -24.03% which was maintained for the month at -23.61%. Likewise the negative performance for the quarter was recorded as -21.23% and for the year was -32.19% while the YTD performance remained at 49.43%.

DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with! CLICK HERE TO START YOUR FREE 30-DAY TRIAL

This entry was posted in Latest Headlines, Services and tagged , , , , , , , , , , , . Bookmark the permalink.