Sears Loss Narrows in Q4 and Fiscal 2012
Sears Holdings has reported its Q4 and 2012 results. For the quarter, the company's revenues totaled $12.3 billion, slightly lower than the $12.5 billion of the same period the previous year. Net loss, however, narrowed considerably, to $489 million ($4.61 per diluted share), from the $2.4 billion ($22.47) of Q4 2011.
Sears Holdings' full-year revenues for 2012 also saw a decline over those of the preceding year. They amounted to $39.9 billion, against 2011's $41.6 billion. Similar to the quarterly results, net loss was not as deep. The bottom line shortfall came in at $930 million ($8.78 per diluted share) in 2012, compared to the previous year's $3.1 billion ($29.15).
The article Sears Loss Narrows in Q4 and Fiscal 2012 originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Sears Holdings. The Motley Fool has no position in Sears Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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