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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Bear Down who wrote (2319)	1/14/2008 7:06:11 AM
From: RockyBalboa	Respond to of 6370

SHLD -> severe warning AP Sears Expects 4Q Profit Below Estimates Monday January 14, 6:47 am ET Sears Expects 4th-Quarter Profit Below Analysts Estimates on Lower Same-Store Sales HOFFMAN ESTATES, Ill. (AP) -- Sears Holdings Corp. said Monday it expects fourth-quarter earnings below analysts estimates on lower same-store sales as well as more promotions and markdowns. The department store operator anticipates profit between $350 million and $470 million, or $2.59 per share and $3.48 per share. Analysts polled by Thomson Financial predict fourth-quarter net income of $4.43 per share. Sears reported domestic same-store sales fell 3.5 percent during the holiday season on softness in Kmart seasonal categories and Sears apparel and tools, partially offset by higher home electronics sales. Same-store sales, or sales at stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones. More promotions and markdowns, along with increased home electronics sales, led to a gross margin decline of about 200 basis points. Home electronics typically have a lower margin rate. Sears forecast full-year earnings of $744 million to $864 million, or $5.13 per share to $5.96 per share. Analysts expect full-year profit of $6.64 per share.