|
Circuit City Swings to Loss |
| |
Author: 123jump.com Staff
123jump.com
Last Update: 10:11 AM EDT June 20 2007
Wall Street opened higher, lifted by falling bond yields, better-than-forecast profit at Morgan Stanley and a $22.5 billion buyback at Home Depot. Circuit City shares declined after the electronics retailer posted Q1 loss of 33 cents per share, compared with a profit of 4 cents a share last year, missing estimates of a loss of 32 cents per share. Revenue fell 4% to $2.49 billion, as more customers purchased low-margin products. |
|
| |
|
|
