Sears reports wider-than-expected loss
U.S. retailer Sears Holdings Corp
The company, whose sales have fallen every year since it was formed, reported a net loss of $170 million, or $1.58 a share, compared with a year-earlier net profit of $16 million, or 14 cents a share.
Excluding items, the loss was $1.39 a share, while analysts on average expected only a loss of $1.22, according to Thomson Reuters I/B/E/S.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)
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