logo
Share SHARE
FONT-SIZE Plus   Neg

RadioShack Turns To Loss In Q1 - Quick Facts

Consumer electronics retailer RadioShack Corp. (RSH: Quote) 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

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
RELATED NEWS
Trade RSH now with 
Follow RTT