Circuit City Loss Narrows on TV Sales
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From Bloomberg News
Circuit City Stores Inc., the No. 2 U.S. electronics chain, said its fiscal second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen TVs and benefited from the acquisition of a Canadian retailer.
The net loss narrowed to 6 cents a share in the quarter ended Aug. 31 from $129.6 million, or 63 cents a share, a year earlier. Sales rose 8.8% to $2.35 billion.
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