Business Services Industry
RadioShack's Stock Drops 18 Percent on News of Lower Earnings Forecast.
Knight Ridder/Tribune Business News, May, 2001
By Lila LaHood, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
May 31--FORT WORTH, Texas--RadioShack's stock price fell more than 18 percent Wednesday, a day after the company said it will miss second-quarter earnings projections.
The stock lost $5.92 a share from Tuesday's closing, dropping to $26.93 Wednesday on the New York Stock Exchange. The decline began Tuesday night, when the stock lost $3.79 in after-hours trading.
RadioShack lowered its earnings forecast to 25 to 27 cents a share in the quarter ending June 30, down from estimates of 34 cents a share made a little more than a month ago. The company said per-share profits may be off by 10 percent for the year because of sagging sales.
Chief Executive...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
