Monday, January 14, 2008

Sears: Epilogue

Seems my voodoo pins are working! An AP story today says:

CHICAGO (AP) — Sears Holdings Corp. told investors Monday that it would likely post fourth-quarter earnings well below Wall Street forecasts as eroding sales push its profit down as much as 57 percent. The retailer said it expects to earn between $350 million and $470 million, or $2.59 to $3.48 per share, for the quarter ending Feb. 2 — far less than the $4.43 per share sought by analysts surveyed by Thomson Financial. Sears earned $820 million in the fourth quarter a year earlier. [Entire story here.]

Don't mind me, I'm just sitting here gloating.

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