IN BRIEF (Page 17)
China Daily | Updated: 2009-08-21 08:05
Sears posts $94m loss
Sears Holding Corp reported a quarterly loss yesterday as the retailer continues to suffer from the crash of the US housing market.
The company said its loss was $94 million, or 79 cents per share, in the second quarter ended August 1, compared with a year-earlier profit of $65 million, or 50 cents per share. Revenue fell to $10.55 billion from $11.76 billion. Analysts on average were expecting $10.73 billion, according to Reuters Estimates.
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