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Micro-Cap in Focus; RadioShack Corporation (RSH)

By Warren Paige

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.

 

 

 

July 27th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.