Radioshack Corporation (NYSE:RSH) earnings were released this morning before the market opened for the day on Wall Street. The company showed a loss of $1.11 per share. Revenue for the three months ending September 30 came in at $805 million. On Monday’s market shares in Radioshack Corporation (NYSE:RSH) trended strongly upward to finish the day at $3.52, up close to 7% in a single day’s trading.
In the run up to the release of these numbers analysts following Radioshack Corporation (NYSE:RSH) released many different opinions ans d projections for the company. The 16 analysts that Bloomberg recorded were looking for consensus loss per share of 35 cents. Revenue in the period was expected to come to $894 million.
Radioshack Earnings
Radioshack Corporation (NYSE:RSH) is working hard to mitigate its losses, but that doesn’t mean 2013 will be a good year for the company. In the same three months of 2012 the firm lost 33 cents per share in the third quarter. Revenue in that period came in at $1 billion.
With continued losses and weakening revenue Radioshack Corporation looks like a bad bet, but many analysts an investors are getting on board with the company’s turnaround story. Yesterday’s 7% increase in share price is just one example of good performance in the company’s stock in recent years.
Radioshack restructure
since the start of 2013 shares in Radioshack Corporation (NYSE:RSH) have gained close to 45%. The firm’s investors are betting that it can recover from its current woes, but earnings are a volatile time for the stock. Back in July the firm’s stock dropped 13% in the wake of its earnings announcement.
Investors and analysts will be looking to find out whether the new Radioshack Corporation (NYSE:RSH) is viable. The company has made efforts to alter its brand and its focus. Investors will want to see material success in numerical form.
Same store sales will need to be up sequentially for multiple quarters into the future in order to appease the hopes of those looking for turnaround. Other indicators are the company’s cash balance and cost structure.
