Shares of RadioShack (RSH) took a big hit in October after reporting disappointing third-quarter earnings and a disappointing outlook for the remainder of the year.
The electronics' retailer blamed the lackluster results on its transition in September out of T-Mobile wireless products and services and into Verizon Wireless. Mobile sales, which make up about 50% of RadioShack's total sales, rose 1.3% in the quarter, growing more slowly than expected. Sales of traditional consumer electronics also declined, tumbling 21%.
"The third quarter continued to be a challenging, continued to be a transitional period for us," said CEO Jim Gooch on a call with analysts at the time. "Our shift to a broader, more compelling wireless portfolio
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