Sears Sees Fourth-Quarter, 2011 Profit Topping Views

Sears Holdings expects its fourth-quarter and full-year adjusted earnings to top Wall Street's expectations.


The Edward Lampert-led company , which runs its namesake stores as well as Kmart locations, predicted on Tuesday that earnings for the year ending Jan.29 will be between $1.16 and $1.88 per share.

Analysts anticipate earnings of 88 cents per share.

For the fourth quarter, Sears expects adjusted earnings of $3.39 to $4.12 per share.

That would beat analysts' $3.12 per share estimate.

The outlooks exclude items such as store closings and impairment charges.

Sears of Hoffman Estates, Ill. said revenue at stores open at least a year dipped 1.7 percent in December.

This figure is a key gauge of a retailer's health because it excludes sales at stores opened or closed in the past year.