Short Take: CompUSA posts fourth-quarter loss

Computer retailer CompUSA posted a fourth-quarter net loss of $51.4 million, or 57 cents a share, compared with profits of $22.9 million, or 24 cents a share, reported for the like quarter a year ago. Quarterly revenue rose to $1.19 billion from $1.15 billion last year. Excluding a one-time charge, the company reported a loss of 19 cents a share. Wall Street had expected a loss of 18 cents a share, according to First Call.

Aug. 12, 1998 5:35 p.m. PT

Computer retailer posted a fourth-quarter net loss of $51.4 million, or 57 cents a share, compared with profits of $22.9 million, or 24 cents a share, reported for the like quarter a year ago. Quarterly revenue rose to $1.19 billion from $1.15 billion last year. Excluding a one-time charge, the company reported a loss of 19 cents a share. Wall Street had expected a loss of 18 cents a share, according to First Call.