CORRECTED-Radioshack revenue misses estimates on lower mobile sales

Tue Feb 26, 2013 7:20am EST

(Corrects headline and paragraph 1 to clarify that only sales missed estimates)

Feb 26 (Reuters) - U.S. electronics retailer RadioShack Corp reported weaker-than-expected fourth-quarter sales as it sold fewer mobile phones during the holiday season.

The company reported net loss of $63.3 million, or 63 cents per share, in the fourth quarter ended Dec. 31, compared with a profit of $11.9 million, or 12 cents per share, a year earlier.

Sales fell 7 percent to $1.29 billion.

Analysts on average had expected a loss of 5 cents per share on revenue of $1.36 billion, according to Thomson Reuters I/B/E/S.

Comparable-store sales fell 7 percent due to a fall in sales in its mobile and consumer electronics business. (Reporting by Siddharth Cavale in Bangalore and Dhanya Skariachan in New York; Editing by Don Sebastian)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article