FONT-SIZE Plus   Neg

RadioShack Turns To Loss In Q1 - Quick Facts

Consumer electronics retailer RadioShack Corp. (RSH) reported first-quarter net loss of $8.0 million or $0.08 per share, as against a profit of $35.1 million or $0.33 per share last year. Prior year's net income included costs associated with the early retirement of debt totaling $4.1 million, or $0.02 per share. Income per share from continuing operations amounted to $0.30 a year ago.

On average, 19 analysts polled by Thomson Reuters expected earnings per share of $0.04 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly net sales and operating revenues totaled $1.01 billion compared with $1.02 billion a year earlier, driven by a $61.6 million drop in sales from U.S. RadioShack company-operated stores, which was partially offset by a $52.5 million increase in other sales, reflecting an additional 610 Target Mobile centers in operation at March 31, 2012, compared with March 31, 2011. Analysts estimated revenues of $1.06 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality. Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant.
comments powered by Disqus
Follow RTT