logo
Share SHARE
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
Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
comments powered by Disqus
Follow RTT