RadioShack Recoups Earlier Losses; Up 1% (RSH)

RadioShack RSH released its Q1 earnings results on Monday prior to the opening bell. The company reported EPS of $0.33, which missed analysts' consensus estimates of $0.35 per share. Revenues were up 2.1% to $1.06 billion, which also missed Street estimates of $1.07 billion. Looking ahead, the company sees 2011 EPS between $1.60 to $1.80. This compared to a previous EPS range between $1.60 and $1.80. Wall Street analysts are currently projecting RSH would report EPS of $1.72. After falling more than 2.50% in early trading, RSH shares have now recouped those losses and are now trading 1.64% higher at $16.10.