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RadioShack warns on Q4 profit
The consumer electronics retailer expects to earn 58-60 cents a share, below analysts' forecast of 65 cents and last year's 67 cents. RadioShack cited weak sales of several products, including Sprint PCS phones and carrier contracts. Best Buy and several rivals in Dec. said slow sales would hurt profits. RadioShack fell 2%. Sprint PCS fell 9%.
Walgreen profit grew 17% in Q1
The No. 1 U.S. drug store chain made 21 cents a share, topping views by a penny. Sales rose 14% to $7.48 bil; ...