Retailer Sears Holdings Corp
The company controlled by hedge fund manager Edward Lampert reported net income of $190 million, or $1.55 a diluted share, for the fourth quarter ended on January 31, compared with $426 million, or $3.17 a share, a year earlier.
The results included charges to close stores and other special items.
Revenue fell 12 percent to $13.3 billion. U.S. sales at stores open at least a year fell 8 percent, with Kmart down 6.1 percent and Sears, Roebuck off 9.5 percent.
The Hoffman Estates, Illinois, company had cash of $1.3 billion as of January 31, compared with $1.6 billion a year earlier.
(Reporting by Karen Jacobs; Editing by Lisa Von Ahn)