RadioShack loses $8 million in first quarter

Tuesday, April 24, 2012 - 7:42pm

RadioShack said Tuesday that it lost $8 million in the first quarter, as sales at its U.S. stores dropped and the company’s margins were under continued pressure from RadioShack’s shift toward lower-profit smartphones.
In the same quarter the prior year, RadioShack reported a $35.1 million net profit.
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