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AUG 22, 2013 - MarketWatch

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Sears loss widens in second quarter; misses views

LONDON (MarketWatch) -- Sears Holdings Corp. on Thursday reported a second-quarter loss of $194 million, or $1.83 per share, compared with a loss of $132 million, or $1.25 a share, in the year-ago period. The adjusted loss per share came in at $1.46 compared with a loss of $1.06 reported last year. Revenue dropped to $8.87 billion from $9.47 billion. Analysts surveyed by FactSet expected Sears to report a loss of $1.10 per share on revenue of $9.01 billion. The retailer said the decline in revenue was mainly due to its having fewer Kmart and Sears Full-line stores in operation. Sears said ... Read More

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