RadioShack (RSH) Posts Q3 Loss of $1.11/Share; Comps Down 8.4%
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Price: $0.24 --0%
Financial Fact:
Depreciation and amortization: 11.9M
Today's EPS Names:
TAYD, TMQ, OMH, More
Financial Fact:
Depreciation and amortization: 11.9M
Today's EPS Names:
TAYD, TMQ, OMH, More
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RadioShack Corp. (NYSE: RSH) reported Q3 EPS of ($1.11), $0.75 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $805 million versus the consensus estimate of $893.44 million.
The decline was driven by an 8.4% decrease in comparable store sales due to reduced sales for each of the Company's product platforms.
The Company also announced that it has received commitments for $835 million of a new five-year debt financing. The Company continues to address significant legacy issues as it engineers a comprehensive operational turnaround driven by the Company's five pillars: reposition the brand, revamp the product assortment, reinvigorate the store experience, operational efficiency and financial flexibility.
For earnings history and earnings-related data on RadioShack Corp. (RSH) click here.
The decline was driven by an 8.4% decrease in comparable store sales due to reduced sales for each of the Company's product platforms.
The Company also announced that it has received commitments for $835 million of a new five-year debt financing. The Company continues to address significant legacy issues as it engineers a comprehensive operational turnaround driven by the Company's five pillars: reposition the brand, revamp the product assortment, reinvigorate the store experience, operational efficiency and financial flexibility.
For earnings history and earnings-related data on RadioShack Corp. (RSH) click here.
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