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Circuit City Pulls Plug on Guidance

Stock quotes in this article: CC , BBY , COST , WMT  

Updated from 9:37 a.m. EDT

After a first quarter that fizzled, Circuit City(CC Quote) doesn't see much spark for the full year, either.

The struggling electronics retailer said Wednesday that it swung to a first-quarter loss, as expected, and the company pulled the plug on its full-year guidance due to its ongoing restructuring plan and a tough economic environment.

For the quarter ended May 31, the Richmond, Va.-based company posted a loss of $54.6 million, or 33 cents a share, compared with a year-earlier profit of $6.4 million, or 4 cents a share. ...

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