Reuters: Circuit City Loss Widens on Unit Sale

NEW YORK (Reuters) – Circuit City Stores Inc. CC.N , the No. 2 U.S. consumer electronics chain, on Wednesday reported a much wider quarterly loss due to charges from the sale of its money-losing customer credit card portfolio.
Richmond, Virginia-based Circuit City said its net loss from continuing operations in the second quarter ended Aug. 31 was $124.2 million, or 60 cents a share, compared with a net loss of $11.2 million, or 5 cents a share, a year earlier. (full story)


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