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Circuit City (CC Quote) plunged 8% late Monday after withdrawing its first-half guidance.
The setback is the latest in a string of embarrassments at the home electronics retailer, which said April brought "substantially below-plan sales, primarily related to the large flat panel and projection television categories."
The Richmond, Va., chain said it now expects a loss from continuing operations before income taxes of $80 million to $90 million for the first quarter of fiscal 2008. ...
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