Sears Holdings beats estimates, but still has a bad trading day - Steven Mallas

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Sears Holdings beats estimates, but still has a bad trading day
Nov 19, 2009 08:50 PM UTC

Steven Mallas

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Via BloggingStocks:

Filed under: Earnings reports, Wal-Mart (WMT), Target Corp. (TGT), Sears Holdings (SHLD)

Sears Holdings (SHLD) was selling off close to 5% at the time of this writing in reaction to the company's Q3 report. On an adjusted basis, the retailer lost 81 cents per share. That was better than the 90 cents lost in the comparable period, and it did beat the forecast as highlighted in our earnings preview.

I'm sort of shocked that the market didn't bid Sears higher. Going into the earnings news, the stock was hanging out near a 52-week high. Let's see, Wall Street sends the stock to the high point of the range, the release comes out, the loss isn't as bad as analysts expected it to be, and everyone sells. The market sure is strange sometimes, isn't it?

Continue reading Sears Holdings beats estimates, but still has a bad trading day

Sears Holdings beats estimates, but still has a bad trading day originally appeared on BloggingStocks on Thu, 19 Nov 2009 15:50:00 EST. Please see our terms for use of feeds.

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