Sears Holdings Corp. (SHLD) reported fourth quarter adjusted EPS of $0.54 Thursday morning, down from $3.67 last year. The consensus estimate was for EPS of $0.78.
The company also announced that it reached a definitive agreement for the sale of eleven Sears full line store locations to General Growth Properties for a purchase price of $270 million. The company also plans to spin-off about 1,250 of its Sears Hometown and Outlet Businesses and certain hardware stores through a proposed rights offering.
Sears Holdings gapped up sharply Thursday and climbed during the first hour of trade. The stock closed higher by 9.72 at $61.80 on strong volume. Sears rose to a 3-month high and re-crossed its 200-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.