FORT WORTH, Texas-Citing weaker than expected sales and gross margins of Sprint PCS products and services in its retail outlets, RadioShack Corp. reduced its earnings per share forecast for the fourth quarter from between 63 cents and 68 cents per share to between 58 cents and 60 cents per share.
The poor sales at RadioShack could be a bad omen for Sprint PCS, which many analysts claim accounts for around one-quarter of the carrier’s customer activations.
