By MAMTA BADKAR, Business Insider
Sears Holdings is down 15% after hours after the company warned of Q4 losses.
The retailer sees a Q4 adjusted loss of $2.01-$2.98. Analysts were looking for earnings of $0.26 per share.
Quarter-to-date comparable store sales are down 7.4%. Year-to-date sales are down 3.9%.
For the full year ending February 1, 2014, managements expects net loss will be between $1.3 billion and $1.4 billion.
Following the release, Brian Sozzi, CEO of Belus Capital Advisors told Business Insider's Julia LaRoche that "the most atrocious thing was that the CEO didn't have the courtesy to make a statement on this press release."
Keep reading: SEARS CRASHING AFTER GIGANTIC LOSS – Business Insider.
SEE ALSO: 18 Depressing Photos That Show Why Sales Are Crumbling At Sears
