Shares Decline on Larger Loss at Circuit City
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Shares of the electronics retailer Circuit City Stores fell sharply after the company reported a wider-than-expected loss.
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Electronics retailer Circuit City Stores Inc. on Friday reported a wider-than-expected loss for the third quarter, driven by lower extended warranty sales and restructuring costs.
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Circuit City (CC:NYSE - news - research) posted a weak third-quarter sales preview, signaling that its attempts to revitalize its brand in consumer electronics are still being eclipsed by stronger competitors, such as Best Buy (BBY:NYSE - news - research
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended warranty sales, but the retailer's top executive said sales closer to the holiday season were slower than expected.
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Circuit City Stores Inc. reported a smaller quarterly loss Friday as it kept a tight rein on expenses and demand increased for digital televisions, notebook computers and other popular products.
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Circuit City Stores, the second-largest U.S. consumer-electronics chain, said it is cutting about 850 jobs in the United States, on top of 3,400 eliminated in March, as it realigns store management.
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U.S. tech shares fell on Monday, led by a drop in Apple Computer Inc.  after a brokerage downgrade and as investors bet chip maker Qualcomm Inc.  would lose in legal disputes to rival Broadcom Corp. .
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Electronics retailer Circuit City Stores Inc. said Thursday it lost $62.8 million in the second fiscal quarter, on lower overall sales and a restructuring.
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Consumer electronics retailer Circuit City Stores Inc. on Friday said its third-quarter loss narrowed on improved efficiency, beating Wall Street estimates.
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NEW YORK (Dow Jones/AP) -- Shares of Tower Automotive Inc. slid Tuesday, after the company said it now expects an even larger loss for the third quarter.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Tuesday reported a 2.9 percent gain in quarterly same-store sales but its growth lagged estimates due to a calendar shift and reduced spending through August.
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U.S. stocks slipped on Tuesday after disappointing financial results from software maker Oracle Corp.  and electronics retailer Circuit City  sparked worries about corporate profits and the economy.
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Circuit City Stores Inc. said Wednesday its December sales rose a disappointing 1.8 percent, while so-called same-store sales fell 5.8 percent, as the nation's second largest consumer electronics retailer failed to draw large crowds of holiday shoppers.
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended warranty sales, but the retailer&#39;s top
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Circuit City Stores Inc. said Tuesday that an investment firm made an unsolicited offer to buy the company for &#36;325 million, or &#36;17 per share, and take it private. The electronics retailer's shares soared in early trading.
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Circuit City Stores Inc. on Tuesday  reported a 2.9 percent gain in quarterly same-store sales, but  its growth lagged estimates due to a calendar shift and reduced  spending through August.
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Circuit City Stores Inc. CC.N on  Tuesday reported a 2.9 percent gain in quarterly same-store  sales but its growth lagged estimates due to a calendar shift  and reduced spending through August.