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
A new Nike ad, "Unlimited Pursuit," highlights the hard work and dedication of female Olympians it takes to be the best. The latest installment in the Nike "Unlimited" - Just Do It campaign features some of world's greatest athletes from Rio 2016 Olympics. Gymnasts Simone Biles and Gabby Douglas, tennis player Serena Williams and many others are shown in the 40-second clip. Amazon.com on Wednesday announced the launch of Kindle Reading Fund, aiming to donate Kindle e-reader, Fire tablets, and Kindle eBooks globally to make books more easily available for digital reading. For this purpose, the company joining hands with local schools and libraries, hospitals, PTA as well as nonprofit organizations, mainly Worldreader. A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages. The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised." "If children have figured...
comments powered by Disqus
Follow RTT