UPDATE: RadioShack Posts Wider Q1 Loss
RadioShack (NYSE: RSH) reported a wider-than-expected first-quarter loss.
RadioShack posted a quarterly net loss of $43.3 million, or $0.43 per share, versus a year-ago loss of $8 million, or $0.08 per share. Excluding one-time items, RadioShack lost $0.35 per share.
Its sales declined 7% to $849 million. However, analysts were expecting a loss of $0.10 per share on sales of $960.7 million.
RadioShack shares closed at $3.14 yesterday.
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