UPDATE: RadioShack Posts Q3 Loss
RadioShack (NYSE: RSH) swung to a loss in the third quarter.
RadioShack posted a quarterly loss of $47 million, or $0.47 per share, versus a year-ago profit of $0.3 million. Excluding one-time items, RadioShack lost $33 million, or $0.33 per share.
Its sales fell to $1.00 billion from $1.03 billion. However, analysts were expecting a loss of $0.18 per share on sales of $1.04 billion.
RadioShack shares closed at $2.39 yesterday.
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