The Market Was Completely Wrong About Sears Holdings, Again

It seems we go through this same exercise every quarter whenever Sears Holdings (NASDAQ: SHLD) releases its earnings: The stock shoots higher, and then the market sobers up, causing the retailer's shares to retreat, eventually trading even lower.

The latest bounce -- and subsequent return to earth -- occurred after Sears' third-quarter earnings report showed the department store chain significantly narrowed its losses for the period, reporting a net loss of $558 million, or $5.19 per share, which was much better than last year's loss of $748 million, or $6.99 per share. Adjusted earnings before interest, taxes, depreciation, and amortization also improved, and Sears noted it was the second consecutive quarter the measure improved by at least $100 million, which it credited to its restructuring plan.

Source: Fool.com