RadioShack (NYSE: RSH ) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), RadioShack beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP loss per share increased. GAAP loss per share expanded.
Margins dropped across the board.
RadioShack logged revenue of $844.5 million. The 14 analysts polled by S&P Capital IQ foresaw a top line of $816.5 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $953.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.50. The 17 earnings estimates compiled by S&P Capital IQ predicted -$0.24 per share. Non-GAAP EPS were -$0.50 for Q2 versus -$0.21 per share for the prior-year quarter. GAAP EPS were -$0.53 for Q2 compared to -$0.21 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.2%, 60 basis points worse than the prior-year quarter. Operating margin was -4.6%, 250 basis points worse than the prior-year quarter. Net margin was -6.3%, 410 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $881.0 million. On the bottom line, the average EPS estimate is -$0.25.
Next year's average estimate for revenue is $3.73 billion. The average EPS estimate is -$0.73.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 429 members out of 895 rating the stock outperform, and 466 members rating it underperform. Among 239 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give RadioShack a green thumbs-up, and 131 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RadioShack is underperform, with an average price target of $2.47.
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