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BULLETIN: RadioShack Corp. Lowers Earnings Expectations
Standard & Poors, Aug 2002
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Standard & Poor's Ratings Services said today that RadioShack Corp.'s (A-/Stable/A-2) announcement that it has lowered earnings guidance for the third quarter of 2002 has no immediate impact on the company's credit rating or outlook. The revised guidance reflects a sharp drop-off in sales during August, a result of declining consumer demand. Although forecasted results are below Standard & Poor's expectations, RadioShack's strong position in the electronics industry and its stable cash flow mitigate the effect of an economic downturn on the company....
Companies mentioned in this report are: RadioShack Corp.
Action: S&P Event
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