A peppy Superbowl advertisement starring 80s legends was RadioShack's Hail Mary pass, because it is losing money at a rate no analyst expected. The electronics retailer will close 1,100, or one-fifth, of its stores following a rough fourth quarter. RadioShack reported revenue fell more than 20% to $935 million, while its quarterly net loss was $1.29 a share. Wall Street had forecast a net loss of 14 cents a share. RadioShack shares are tumbling in Tuesday trading on the announcement.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.