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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CHICAGO (CBS.MW) -- Circuit City Stores shares plummeted 10 percent Monday after the nation&#39;s No. 2 electronics retailer said that its third-quarter same-store sales fell 4.3 percent.
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U.S. stocks fell on Tuesday after news of the sharpest rise in producer prices in 32 years and disappointing financial results from tech bellwether Oracle and Circuit City, a leading electronics retailer.
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Consumer electronics retailer Circuit  City Stores Inc.  on Wednesday posted a quarterly loss  that it called disappointing and withdrew its earnings  forecast, citing a drop in advanced television sales and an  uncertain economic environment.
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Circuit City Stores Inc  reported a wider third-quarter loss on Friday as sales fell and its store changes disrupted business, sending shares of the consumer electronics retailer plummeting 34 percent in pre-market trading.
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Circuit City Stores Inc.  said on Friday that its chief financial officer is leaving the company to become finance chief at Petco Animal Supplies Inc., sending shares of the consumer electronics retailer down as much as 5.1 percent.
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Circuit City Stores Inc. , the No. 2 U.S. electronics retailer, on Wednesday reported a 5.8 percent drop in December sales at stores open at least a year as customer traffic fell below last year's levels.
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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 holiday sales have been slower than expected so far.
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RICHMOND -- Holiday shopping might not be enough to save the fourth quarter for struggling electronics retailer Circuit City Stores.
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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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Electronics retailer Circuit City Stores Inc  forecast a loss for the holiday season on Friday, citing store changes that were hurting sales, and its shares plummeted almost 25 percent to four-year lows.
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RICHMOND, June 20 -- Electronics retailer Circuit City, which earlier this year cut jobs and restructured in an effort to keep up with competitors, reported a $54.6 million quarterly loss Wednesday and withdrew its financial guidance for fiscal 2008.
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Circuit City's recent profit warning and concerns about competition have pulled the plug on the consumer electronics retailer's shares.
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Circuit City Stores Inc.  reported an unexpected quarterly loss on Tuesday as the consumer electronics retailer could not sell enough flat-panel televisions to offset falling prices.
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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.  reported an unexpected quarterly loss on Tuesday as the retailer cut prices on hot electronics like flat-panel televisions and computers to lure customers into its stores during the holiday shopping season.
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Circuit City Stores Inc. CC.N on  Friday posted a narrower quarterly loss from continuing  operations but said its outlook was cautious for the current  quarter, which includes the holiday shopping season.