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Sears Canada Inc.

09:55 AM EST - Sears Canada Inc. : Today announced operational highlights and financial results for the second quarter of Fiscal 2016. Revenue was $648.5 million in the second quarter, a decline of 15.6% compared to the same quarter last year. The net loss for the second quarter this year was $91.6 million or 90 cents per share compared to net earnings of $13.5 million or 13 cents per share in the second quarter last year. Sears Canada Inc. shares T.SCC are trading down $0.21 at $3.10.