09:38 AM EST - Sears Canada Inc. : announced that its second-quarter net earnings were $49.1 million or $0.45 per share, compared to $61.5 million or $0.57 per share in the second quarter last year. There were no unusual items in the quarter this year or last year. Operating Earnings before interest, taxes, depreciation and amortization or EBITDA for the quarter this year was $108.7 million, compared to $125.0 million in the same period last year. Gross margins increased five basis points as a percentage to revenue. Total expenses were reduced by 11.2%. Sears Canada Inc.
shares T.SCC are trading even at $21.00.
