Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

RadioShack Cuts Earnings Forecast Again
Mar 18, 2005
 Printable format
 Email this Article
 Search

Electronics retailer RadioShack Corp. cut its earnings forecast for the second time in a month, citing slowing cell phone sales and a weaker-than-expected battery business.

The retailer, which had cut its profit outlook in February 2005, said it expects first-quarter earnings of U.S. $0.30 to $0.34 a share, down from its previous forecast of $0.39 to $0.41.

RadioShack also said it was not likely to meet the lowered 2005 earnings forecast it gave in February. It plans to update that guidance in its first quarter earnings release, scheduled for April 19, 2005.

On Feb. 17, RadioShack cut its full-year 2005 earnings to $2.34 to $2.40 a share, about $0.07 less than its previous forecast for a jump of as much as 21 percent over 2004. At the time, the company said adverse weather hurt shopping in key markets.

The company had also said that it was taking longer to reap benefits from investments in areas such as staff training. (Reuters)

Back to Daily News

 

Daily News

...........................................................

Nov 21, 2014: Electrolux: new U.S. fridge efficiency requirements are more complex than anticipated

Nov 21, 2014: Whirlpool brand launches Perceptions of Care video

Nov 21, 2014: Hon Hai 3Q profit $1 billion

Nov 21, 2014: Environmental Product Declarations for aluminum product types released

Nov 20, 2014: Report: Drop in affluents' consumer confidence may foretell signal trouble ahead for some retailers

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows