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.
Sears Holdings gapped up sharply Thursday and has climbed higher in the last 15 minutes. Shares are now up 10.33 at $62.41 on above average volume. The stock has risen to a 3-month high and has re-crossed its 200-day moving average.
by RTT Staff Writer
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