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Stock Market & Financial Investment News

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February 27, 2014
06:03 EDTSHLDSears reports Q4 EPS ($3.87), consensus ($1.82)
Reports Q4 revenue $10.59B, consensus $10.57B; The revenue decrease was primarily due to lower domestic comparable store sales, which accounted for approximately $600M of the decline, as well as the effect of having fewer Kmart and Sears Full-line stores in operation, which accounted for approximately $320M of the decline. Sears Canada had a 6.4% decline in comparable store sales during the fourth quarter of 2013, which accounted for approximately $60M of the decline, and revenues included a decrease of $85 million due to foreign currency exchange rates.
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