(Corrects headline and paragraph 1 to clarify that only sales
Feb 26 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
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)