Circuit City "Very Dissatisfied"
Electronics retailer Circuit City Stores Inc. on Friday reported a wider-than-expected loss for the third quarter, driven by lower extended warranty sales and restructuring costs.
Shares of the nation's second biggest consumer electronics retailer tumbled 29 percent in premarket trading.
"We are very dissatisfied with our third-quarter results," said Philip J. Schoonover, chairman, president and chief executive, in a statement. Schoonover said he believes the issues are "primarily self-induced" and within the company's control to improve.






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AP | MICHAEL FELBERBAUM | December 21, 2007 09:51 AM