Shares of RadioShack Corporation (NYSE: RSH), retailer of consumer electronics goods and services, bounced back in trading today, paring some of the losses from earlier in the week.
RSH shares ended the day 4.44% higher at $2.59 on above average volume of 5.04 million. Despite the gains in trading today, RSH shares fell 29.04% in the last three trading sessions.
RSH shares had slumped earlier in the week after the company reported an unexpected loss in its second quarter and also suspended its dividend.
RadioShack reported a net loss of $21 million, or $0.21 per share for the second quarter of 2012, compared to net income of $24.9 million, or $0.24 per share reported for the same period last year. Analysts were expecting the company to report earnings of $0.03 per share for the second quarter.
RSH’s sales rose 1.2% in the second quarter to $953.2 million, missing analysts’ forecast of $970.4 million.