The Street will be looking for a loss of 52 cents per share on revenue of $767.4 million, representing year-over-year declines of 48.5% and 9.6%, respectively.
Assuming there is no upside surprise in the results, this will be RadioShack's ninth consecutive quarterly loss.
In the March quarter, the company's net loss widened to $191 million from $63.3 million in the March quarter of 2012. That's a two-year decline of 202%. Even gloomier, full-year revenue declined from $4 billion (with a "b") in 2011 to $3.4 million (with an "m") in 2013.
Over the past couple of years, management has tried to meet the changing needs of consumers by shifting the product mix to low-end smartphones. To that end, it formed wireless partnerships with T-Mobile US (TMUS) and Sprint (S). But these efforts have done little to help the company's bottom line.There is hope that an agreement with Verizon (VZ) will help turn the wireless business around. But it will only cost RadioShack more money to market that relationship. With no clear signs of a recovery, investors still holding these shares from the $20-plus highs of four years ago should let go now and move on with their lives. Those days are gone. Bankruptcy now seems the inevitable outcome. At the time of publication, the author held no positions in any of the companies mentioned. Follow @Richard_WSPB
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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