Market Overview

RadioShack Plunges 18% After Pre-Releasing Q4 Earnings

RadioShack (NYSE: RSH) released its preliminary Q4 earnings results on Monday after the closing bell. The company expects earnings per share to be in a range between $0.11 to $0.13, which compares to current analysts' consensus EPS estimates of $0.37. Revenues are expected to be $1.39 billion, which is above current consensus revenue estimates of $1.35 billion. Comparable store sales for company-operated stores is expected to increase around 2% for Q4.

The company said that the decrease in its gross margin "reflects a shift in mix within mobility sales towards certain lower margin smartphones and mobile devices; a higher percentage of mobility sales in the overall revenue mix, largely driven by the Company's expansion of Target mobile centers; and the impact of a more promotional holiday season."

At last check, RSH shares had fallen more than 18% in Monday's after hours trading session to $8.37.

Posted-In: Earnings News After-Hours Center Movers

 

Most Popular

Related Articles (RSH)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free