By  on November 8, 2017

Shares of Sears Holdings Corp. fell 6 percent Wednesday, closing at $4.70 in Nasdaq trading, after the company said it would post a smaller third-quarter loss and sell more stores.

The company is projecting a net loss of between $525 million and $595 million on revenues of $3.7 billion. Consolidated comparable-store sales fell 15.3 percent, with comps at Kmart down 13 percent and at Sears 17 percent. That compares with a loss of $748 million a year ago on revenues of $5 billion. Store closures contributed to the decline in revenues. Wall Street was expecting revenues of $4 billion.

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