Consumer electronics retailer RadioShack Corp. (RSH) posted a wider first-quarter net loss of $43.3 million, or $0.43 per share, compared with a loss of $8 million, or $0.08 per share in the prior-year quarter. On average, 18 analysts polled by Thomson Reuters expected loss per share of $0.11 for the quarter. Analysts' estimates typically exclude one-time items.
Total net sales and operating revenues were $849 million, compared with $913 million reported a year back, with comparable-store sales down 5.7%. Analysts estimated revenues of $963.97 million for the quarter. The company said its signature platform generated the fifth consecutive quarter of sales growth in its U.S. company-operated stores.
The company's Chief Executive, Joseph Magnacca, noted that the 100 day plan is on track.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.