Sears Holdings (SHLD) reported fourth quarter earnings this morning. Sales were in-line with expectations but profits came in light; very light. Excluding one-time charges, the company reported EPS -earnings per share- of $0.54 versus an estimated $0.78 (according to Factset). Including expenses, the company lost $2.4 billion or $22.47 per share.
Despite this earnings disappointment, Sears shares are rip-roaring higher by more than 20%. Clearly the stock and the quarterly results don't match-up the way you'd expect. |