RadioShack Down 7.7% Following Its Q4 Earnings
RadioShack Corporation (NYSE: RSH) is trading lower on the session following its Q4 earnings announcement this morning. The company reported EPS of $0.12 vs $0.12 estimate and revenues of $1.39 billion vs $1.39 billion estimate.
Jim Gooch, CEO of RadioShack said, "The final results for our fourth quarter are in line with the preliminary range we issued in January. Despite our gross margin challenges, we have a strong balance sheet, are making progress in our mobility business, and expect to advance our business improvement initiatives in 2012."
RadioShack is currently trading at $7.27, a loss of $0.61 or 7.74%.
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