(Reuters) - Earnings for Sears, controlled by hedge fund manager Edward Lampert, came in roughly in the middle of a targeted range the company gave in early May, disappointing some investors and sending the company's shares down more than 2 percent.
First-quarter net income rose to $216 million, or $1.40 a share, from $180 million, or $1.14 a share, a year earlier. On May 3, Sears said it expected net income of $1.30 to $1.53 a share.
Read more at Reuters.com Market News
First-quarter net income rose to $216 million, or $1.40 a share, from $180 million, or $1.14 a share, a year earlier. On May 3, Sears said it expected net income of $1.30 to $1.53 a share.
Read more at Reuters.com Market News
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