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UPDATE: RadioShack Posts Q3 Loss

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Bear of the Day: RadioShack (RSH) - Bear of the Day
Bear of the Day: RadioShack (RSH) - Bear of the Day

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.

Posted-In: lossEarnings News

 

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