Circuit City (CC) Reports Mixed Q2 Earnings; Withdraws FY09 Guidance
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Circuit City Stores, Inc. (NYSE: CC) reports a Q2 non-GAAP loss of $1.00, 4c better than the analyst estimate of ($1.04). Revenues for the quarter were $2.39 billion, versus the consensus of $2.53 billion.
Circuit City's management believes it is prudent to withdraw its previous FY09 financial outlook at this time.
Circuit City Stores, Inc. operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services.
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