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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
