Sears Holdings Corp (NASDAQ: SHLD) is having an overwhelmingly strong day in the market today, and for good reason. The company reported earnings before the opening bell, beating expectations in a big way. As a result, excitement ensued and investors pushed the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:03), SHLD is trading at $8.90 per share after a gain of $1.43 per share or 19.14% thus far today.
SHLD Gains On Strong Earnings
As mentioned above, Sears Holdings is having an overwhelmingly strong start to the trading session this morning, and for good reason. The company reported earnings, blowing away expectations. Here’s what we saw from the report…
- Earnings Per Share – In terms of earnings per share, SHLD definitely did not disappoint. During the quarter, analysts expected that the company would generate a loss in the amount of $3.05 per share. However, the company actually reported a loss in the amount of $2.15 per share, coming in well ahead of expectations.
- Revenue – On the revenue side of the coin, we saw more good news. While analysts expected that the company would generate revenue in the amount of $4.05 billion. However, the company actually reported revenue in the amount of $4.3 billion.
- Same Store Sales – Finally, on the same store sales side of the coin, SHLD came in right in line with expectations. While analysts expected that the same store sales would fall by 12%, the company reported same-store sales declines of 11.9%.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on SHLD. While earnings proved to be positive, there are some serious concerns in that we’re seeing continuous declines in sales, revenue, and earnings. Ultimately, companies can’t operate at losses forever. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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