Fitch Sees RadioShack (RSH) with Limited Options to Stem Liquidity Issue; May Downgrade Further
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/26/2024
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Union Pacific beats profit estimates on stronger pricing, resumes share buyback
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hertz Global (HTZ) misses earnings expectations as fleet costs weigh
- Teladoc (TDOC) Misses Q1 EPS by 3c, offers outlook
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
B. Riley Slashes Target on RadioShack (RSH) to $0; Sees Odds of Bankruptcy at Over 50%
June 11, 2014 10:11 AM EDTB. Riley is taking its price target on RadioShack (NYSE: RSH) from $1 down to zero while maintaining a Sell rating following recent quarterly results.
Analyst Scott Tilghman noted that Q1 comps fell 14 percent, versus his expectation of a 12 percent drop and the Street at negative 9 percent. The... More
RadioShack Corp. (RSH) Posts Q1 Loss of 97c/Share; Comps Fell 14%
June 10, 2014 7:03 AM EDTRadioShack Corp. (NYSE: RSH) reported Q1 EPS of ($0.97), which may not compare with the analyst estimate of ($0.51). Revenue for the quarter came in at $736.7 million versus the consensus estimate of $764.31 million.
On an adjusted basis, loss from continuing operations was $99.3 million, which compares to an adjusted loss from continuing operations of $26.5 million last year.
Comparable store sales were down 14% driven by traffic declines and soft performance in the mobility business.
Joseph C. Magnacca, chief... More
