Circuit City Posts Third-Quarter Loss
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Shares of electronics retailer Circuit City Stores lost nearly a quarter of their value Friday morning as investors reacted to a wider-than-expected loss.
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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.
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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 wider-than-expected second-quarter loss on Thursday, as sales sagged for desktop computers, projection and tube TVs, and its shares fell 5 percent in pre-market trading.
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Circuit City Stores Inc., which has lost market share to Best Buy Co. Inc. and continues to report disappointing sales, received a $3.25 billion cash buyout offer from a Boston investment firm known for rattling management at underperforming companies.
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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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LONDON (CBS.MW) - Electronics retailer Circuit City Stores on Friday narrowed its fiscal second quarter loss, citing improvements in the average ticket price and extended warranty penetration rates on key merchandise.
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Circuit City Stores Inc., the No. 2 US electronics chain, said yesterday its second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen televisions and benefited from the acquisition of a Canadian retailer.
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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., the nation&#39;s No. 2 consumer electronics chain, reported a smaller-than-anticipated loss in the second quarter due to higher sales and fewer charges related to the sale of its bank-card business.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) , the No. 2 US electronics retail chain, on Monday reported lower quarterly sales at stores open at least
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Circuit City Stores Inc. reported a gain of 2.9 percent in quarterly same-store sales Tuesday, but growth lagged estimates due to a calendar shift and reduced spending in August.
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Circuit City Stores Inc. on Monday  posted a quarterly profit compared with a loss a year earlier,  boosted by strong sales of high-ticket items like flat-panel  televisions and digital music players.
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By ZINIE CHEN SAMPSON  RICHMOND, Va. - Electronics retailer Circuit City Stores Inc. said Wednesday it lost $54.6 million in the first fiscal quarter - when it cut jobs to reduce costs and restructured to fend off competition - and withdrew its earnings guidance for 2008.
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Qwest Communications International Inc. on Thursday reported a third-quarter loss, citing charges and lower revenue. The provider of voice, video and data services posted a quarterly loss of $569 million, or
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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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Circuit City (CC:NYSE - news - research) Monday said same-store sales fell 4.3% in the third-quarter, attributing the decline to decreased promotions as well as weaker sales of music and movie software and wireless products.