Summary Box: RadioShack posts 1Q loss, stock falls

AP News
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Posted: Apr 24, 2012 1:51 PM
Summary Box: RadioShack posts 1Q loss, stock falls

QUARTERLY PERFORMANCE: RadioShack Corp. reported Tuesday that it lost 8 cents per share in the first quarter, with revenue down 1 percent to $1.01 billion. The electronics retailer said sales declined at its U.S. stores.

THE FORECAST: Analysts polled by Fact Set expected earnings of 4 cents per share on revenue of $1.06 billion.

SHARE MOVEMENT: RadioShack's stock plunged to $5.30 in early trading, the lowest point in more than 30 years for the Fort Worth, Texas company. RadioShack's shares are down 40 percent for the year to date.