Circuit City Cuts Loss, Stock Soars
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital televisions
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RICHMOND -- Circuit City, the nation's No. 2 electronics retailer, approved millions of dollars in cash incentives to retain its top talent following the departure of several key executives over the past year.
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Circuit City Stores Inc. CC.N on   Wednesday reported higher-than-expected quarterly profit driven   by strong sales of flat-panel televisions and laptop computers   during the back-to-school shopping season.
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Circuit City Stores Inc. , on Friday reported a smaller quarterly loss as it kept a tight rein on expenses and demand increased for digital televisions, notebook computers and other popular products.
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The surprise quarterly loss came after Circuit City cut prices on hot electronics like flat-panel TVs and computers to lure customers during the holiday shopping season.
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Stocks to watch on Tuesday: CIRCUIT CITY STORES INC :
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss as it kept a tight  rein on expenses and sales of digital televisions and notebook  computers rose, sending its stock up 4 percent.
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Electronics retailer Circuit City  Stores Inc.  said on Thursday that its board approved a  plan to more than double its quarterly dividend and added &#36;400  million to its share repurchase authorization.
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Circuit City Stores Inc. onTuesday 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 has  received an unsolicited takeover offer from a private  investment firm valuing the struggling electronics retailer at  $3.25 billion, the company said on Tuesday.
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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 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 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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Circuit City Stores Inc. CC.N, the   No. 2 U.S. consumer electronics chain, on Wednesday reported   higher-than-expected quarterly profit helped by strong sales of   flat-panel televisions and laptop computers.
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Circuit City Stores Inc. CC.N on  Tuesday said it received an unsolicited takeover bid valuing  the struggling electronics retailer at $3.25 billion, and its  shares rose above the offer price, indicating expectations of a  better offer.
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Withdraws guidance for 2007 Circuit City had a crap first quarter, losing $54.6m, against net income of $6.4m same time last year. Net sales fell 4.3 per cent, driven by a comparable store sales decline of 5.6 per cent. Gross profit margins fell 1.9 per cent on lower merchandise margins and lower take-up of extended warranties.â¦
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Consumer electronics retailer Circuit City Stores Inc.  on Wednesday posted a worse-than-expected quarterly loss and withdrew its earnings forecast, citing a drop in television sales and an uncertain economic environment.