From: Reuters
Published December 21, 2007 08:01 AM

Circuit City posts wider quarterly loss

ATLANTA (Reuters) - Consumer electronics retailer Circuit City Stores Inc <CC.N> reported a wider third-quarter loss on Friday as sales fell and store changes disrupted business.

The loss came to $207.3 million, or $1.26 a share, for the quarter ended November 30, compared with a loss of $20.4 million, or 12 cents a share, a year earlier.

Earlier this week, rival Best Buy Co <BBY.N> reported a 52 percent jump in quarterly profit and raised its full-year forecast.

(Reporting by Karen Jacobs; editing by)


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