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Tuesday, March 04, 2014 10:23:18 AM
RadioShack Closing 1,100 Stores After Same Store Sales Plummet 19%
http://www.forbes.com/sites/maggiemcgrath/2014/03/04/radioshack-closing-1100-stores-after-same-store-sales-plummet-19/
RadioShack reported $935 million in fourth quarter revenue, a 20% decrease over the $1.17 billion reported for the same quarter in 2013 and missing Street expectations of $1.12 billion. Its net loss widened from the $63.3 million reported last year to $191.4 million for the fourth quarter of 2013, resulting in a loss of $1.90 per share. Analysts had been expecting a loss of just 16 cents per share.
http://www.forbes.com/sites/maggiemcgrath/2014/03/04/radioshack-closing-1100-stores-after-same-store-sales-plummet-19/
RadioShack reported $935 million in fourth quarter revenue, a 20% decrease over the $1.17 billion reported for the same quarter in 2013 and missing Street expectations of $1.12 billion. Its net loss widened from the $63.3 million reported last year to $191.4 million for the fourth quarter of 2013, resulting in a loss of $1.90 per share. Analysts had been expecting a loss of just 16 cents per share.
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