HOFFMAN ESTATES, Ill. (AP) -- Sears Holdings Corp. (SHLD) on Thursday reported fiscal first-quarter net income of $244 million, after reporting a loss in the same period a year earlier.
The Hoffman Estates, Illinois-based company said it had net income of $2.28 per share. Losses, adjusted for one-time gains and costs, came to $2.15 per share.
The department store operator posted revenue of $4.3 billion in the period.
Sears shares have dropped 20 per cent since the beginning of the year. The stock has fallen 38 per cent in the last 12 months.
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