Consumer electronics chains sank in Monday trading after analysts said big Black Friday markdowns drew shoppers, but cut into profits, and investors worried whether the spending would continue.
RadioShack Corporation announced today that it is partnering with St. Jude during the 2008 holiday shopping season for the 5th anniversary of the Thanks and Giving campaign. In its first year of participation in the Thanks and Giving campaign, RadioShack is asking customers to "Give thanks for the healthy kids in your life, and give to those who are not."
CHICAGO (AP) - Consumer electronics chains sank in Monday trading after analysts said big Black Friday markdowns drew shoppers, but cut into profits, and investors worried whether the spending would continue.
CHICAGO (AP) - The nation's consumer electronics chains reeled for a second day this week after Best Buy Co. Inc. cautioned on Wednesday it was cutting its full-year outlook because of "seismic changes" in consumer spending.
CHICAGO (AP) - Shares of consumer-electronics retailers were mostly lower Monday after Circuit City Stores Inc., the nation's No. 2 chain, filed for bankruptcy protection.
Dividend yield and relative strength are both fairly popular and well known screening criteria. Stocks with high dividend yields not only indicate a potential undervalued condition, but also pay cold hard cash to their shareholders that can compound over time. Relative strength...
We expect that when the final tally is taken this year measuring Black Friday business, it will present an illusion. We anticipate traffic measurements to be heavy, but for all the wrong reasons. So, be wary of the headlines that read, "Shopping Not So Dire. Stores Packed." Don't let such news lull you into thinking the retail share selloff or commercial real estate bearishness has been overdone. It has not.
Black Friday traffic can be misleading. Local news channels and newspapers will likely...
Warren Buffett's optimism hasn't exactly moved markets lately. Since Buffett announced in mid-October that he is bullish on U.S. stocks, the markets have fallen, not risen. Buffett's not complaining - he can buy even lower.
But that's little comfort to the rest of us. In a recentNew York Times article, the legendary investor made it clear that he's not making any predictions about whether the stock markets will rise or fall in a month or a year. Instead, he has long pointed out that it's smart to invest in healthy businesses that provide something people need...
Writedowns, trading losses for Credit Suisse. Credit Suisse (CS) reported a Q3 net loss of 1.26B Swiss francs ($1.08B), its second consecutive quarterly loss, as compared to a profit of 1.3B francs a year ago. The loss stemmed from writedowns on leveraged loans and mortgage-backed securities as well as roughly 1.7B francs of trading losses. CEO Brady Dougan, calling the markets 'very challenging,' warned he's 'cautious' on the outlook for Q4. Shares -3.1% in Swiss trading, bringing the stock to a 34% decline this year.
RadioShack Corporation (RSH) is expected to report Q3 earnings before market open Thursday, October 23, with a conference call scheduled for 9:00 am ET.
Guidance
Analysts are looking for a profit of 36c on revenue of $987.93M. The consensus range is 28c to 45c for EPS, and revenue of $956.5M to $1.05B, according to First Call.
Despite an extended economic slowdown and poor consumer spending numbers, PowerShares Dynamic Retail Portfolio ETF (PMR) gained momentum over the summer. While some analysts believe that the worst is yet to come for retail, an increasing number of investors believe that some retailers are oversold and that these names are now at bargain prices. While much of the retail news remains gloomy, PMR’s year-to-date returns are in positive territory—up 1.21% year to date as of August 27 in the midst of a difficult economy.
Patent peace. Qualcomm and Nokia put an end to their patent battles - a move that could benefit both companies. Financial terms weren't disclosed, but the companies described it as a 15-year agreement that includes Nokia making an up-front payment, and paying ongoing royalties - which implies NOK may now become a QCOM customer. "This is a landmark deal," Lehman's Timothy Luke said. "This removes a ton of uncertainty from the industry." He estimates NOK should owe QCOM about $600M for 2008 alone. In early pre-market trading, QCOM is...
RadioShack Corporation (RSH) is expected to report Q2 earnings before market open Thursday, July 24.
Guidance
Analysts are looking for a profit of 26c on revenue of $908.55M. The consensus range is 19c to 30c for EPS, and revenue of $895M to $917.45M, according to First Call.
Each day, Wall Street is flooded with stock research offering a multitude of conflicting investment opinions. As such, TickerMine is not in the business of providing more opinions. We believe that accurate raw data points can be used to gain insight in to the stock selection and valuation process.
Linksys Wireless-G is Best-Selling Wi-Fi Router for Electronics Retailers
BY DAVID OVALLE Cops say they've busted a ring of Radio Shack burglars who are believed to have targeted more than 20 stores from Delray Beach to South Miami-Dade. Three of the suspected burglars ...
By Shawn Hogendorf, Correspondent After allegedly stealing a mobile police scanner from Radio Shack, a 38-year-old Bemidji man didn?t have to look any further than his rearview mirror to figure ...
St. Petersburg, Florida -- A former Radio Shack clerk blinded during a shooting spree in 2004 is suing the mother of the gunman, claiming she failed to help police find her son after a road rage ...
By JEFF MEEK Staff writer The Radio Shack store on Highway 7 N behind Summit Bank held their grand reopening last Tuesday. The store has new owners and an expanded line of products. Chris Hulsey ...
Bluetooth equipment, MP3 players and GPS systems flew off the shelves at Harvey Electronics/Radio Shack as soon as manager Kevin Harvey unlocked the doors at 6 am But it was the items ...
By Sara Sheffield Springfield police say two men robbed the Radio Shack on North Kansas Expressway Saturday afternoon. Both are now behind bars. Police say a man was trying to shoplift some ...
By Aaron Cahall and Andrew Cannarsa Shortly before 5:30 am Friday, Lorena Hiep waited patiently for the Radio Shack at the Mall in Columbia to open its doors. Customers carry their shopping bags ...
By ZACH BENOIT A man was taken to the hospital Friday evening after crashing his car into a West End business. At about 5:20 pm, a man was driving a 1975 Ford LTD on Grand Avenue, turned into the ...
So there I was, peacefully sleeping when my alarm went off at 4:34 am I hit snooze once then got up and threw on my clothes from yesterday and jumped into my car to head to Radio Shack. I finally ...
By Judy Debus (Contact) Employees at Radio Shack were busy at 6 am with customers seeking those Black Friday sales. For some, it took two carts to hold all the bargains they found on Black Friday ...
How much shopping do you really plan to do this holiday season? The Wall Street meltdown is dampening the spirits of some shoppers. And music sales could hit a sour note this holiday season.
Liz Claiborne adds its voice to a chorus of gloom over the coming holiday season. It may just take a miracle for some retailers to make it through unscathed.
U.S. stock futures dropped as much as they’re allowed on Friday, falling as a plunge in Asia stock markets sparked renewed fears of a global recession. The contracts for the S&P 500, Nasdaq 100 and Dow Jones Industrial Average each fell over 6% to pre-determined limits.
NEW YORK (MarketWatch) - Retail shares dropped for a third straight day Thursday after the Labor Department reported an increase in new applications for state unemployment benefits in the week ended Oct. 18. RadioShack Corp. shares dropped after the electronics retailer said that while sales were strong in July and August, they've slowed in September amid the challenging economic environment.
NEW YORK (MarketWatch) - Retail shares opened lower after the Labor Department reported an increase in new applications for state unemployment benefits in the week ended Oct. 18. The S&P Retail Index fell 0.9% to 258.13. RadioShack Corp. shares dropped 2.2%. The electronics retailer reported a better than expected profit increase but said that while sales were strong in July and August, they've slowed in September amid the challenging economic environment.
LONDON (MarketWatch) -- RadioShack said third-quarter net income rose 8% to $50.2 million, or 39 cents a share, as sales rose 6% to $1.02 billion. Comparable same-store sales for company-owned stores and kiosks increased 7.7%. Analysts polled by FactSet had expected a profit of 36 cents a share.
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