Reginal Thomas
1
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

RadioShack Reports Second Quarter Loss and CFO Leaves

I know what you're thinking, RadioShack (NYSE: RSH) is still in business?!?!?!?! The electronic retailer had losses bigger than analysts expected, but on the bright side revenue handily beat expectations and the company said it was bringing on consultants to help improve results.

The stock rose to $3.22 in premarket trading it has traded between $1.90 and $4.28 over the past 52 weeks.
The company's CFO Dorvin Lively is leaving the company and confirmed it is working with business advisory firm AlixPartners and investment banking firm Peter J. Solomon Co. to turn things around. AlixPartners managing director Holly F. Etlin will serve as interim CFO.