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Stock Earnings Update for 02/24/2011

February 24, 2011

Sears Earnings Still Down 13 Percent

The department-store operator reported a 13 percent decline in fourth-quarter income but still managed to beat analyst expectations. Adjusted earnings came in at $3.67 per share, compared with the consensus forecast of $3.60 EPS. The company also said it has appointed Lou D’Ambrosio as its new president and chief executive. SHLD is up 2 percent in extended-hours.

Priceline Jumps, Boosts Outlook

The online travel agency reported fourth-quarter earnings of $3.40 per share on an adjusted basis, easily beating the consensus forecast of $3.02 EPS. The company also raised its outlook for the first quarter, projecting that books could rise 50 percent. PCLN is up 6 percent in the pre-market.

Priceline.com is trading up nearly 6 percent after beating fourth-quarter results by $0.31 per share and raising its outlook for the first-quarter.

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