<< Read Full Article
<< Read Full Article
Circuit City(CC Quote) swung to a fourth-quarter loss, hurt by weaker-than-expected sales, sliding flat-panel TV prices and restructuring moves.
The electronics retailer posted a loss of $12.2 million, or 7 cents a share, for the quarter ended Feb. 28. A year earlier, Circuit City recorded a profit of $141.4 million, or 82 cents a share.
The results included $144.6 million in pretax charges related to goodwill impairment and store closures, which were part of a restructuring plan Circuit City announced earlier this year. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
DOWN
1.09
|
10 Yr
3.49%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
-3.03%
|
Data delayed 20 minutes |
Connect with TheStreet