Sears Holdings Corporation (NASDAQ: SHLD) and Verizon Communications Inc. (NYSE: VZ) “blush”

Sears quarterly losses fell to $ 39 million

In brief: Sears Holdings Corporation (NASDAQ: SHLD) and Verizon Communications Inc. (NYSE: VZ) catch the bearish trend, despite good earnings.

Verizon Communications Inc. (NYSE: VZ) may begin trading in the red zone because of investors’ uncertainty and mixed dynamics in the field of telecommunications. Sears Holdings Corporation (NASDAQ: SHLD) is equally losing value.

Sears Holdings Corporation (NASDAQ: SHLD) shares may go down slightly in early trading (0,3 – 0,5%), analysts believe. A Sears Holdings department stores operator reported a decrease in net loss for the second quarter closing July 31 from $ 94 million, or 79 cents a share, previous year to $ 39 million, or 35 cents per share. Sales for the period fell to $ 10.5 billion at the analysts’ average forecast of $ 10.6 billion.

Ukrainian Globalist
2010-08-19 13:19, Economics.

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