By  on May 1, 2012

Shares of Sears Holdings Corp. on Tuesday opened the first trading session in May by spiking up 15.4 percent after the company provided an optimistic update on its first-quarter outlook, which also rode the tailwind garnered on Monday as the retailer updated its spin-off plans.

Shares closed at $62.05 in over-the-counter trading. Sears said Tuesday it is eyeing a first-quarter profit when the firm reports results on May 17.

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