Sears Increases as Profit Forecast Exceeds Estimates
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Sears Holdings Corp., the largest U.S. department-store chain, climbed 6.3 percent after its fiscal fourth-quarter profit forecast surpassed analysts’ projections.
Sears said today that profit, excluding store closings, restructuring and impairment charges, will be $3.39 to $4.12 a share, in the quarter ending Jan. 29. Analysts surveyed by Bloomberg had estimated $3.05 on average.