UPDATE: RadioShack Posts Q4 Loss

RadioShack

posted a loss in the fourth quarter. RadioShack posted a quarterly loss of $63 million, or $0.63 per share, versus a year-ago profit of $12 million, or $0.12 per share. Its total sales declined to $1.3 billion from $1.39 billion, while same-store sales fell 7%. Its operating income dropped 45% to $17 million. However, analysts were expecting a loss of $0.06 per share on revenue of $1.36 billion. RadioShack shares closed at $3.05 yesterday.