Carphone sees share price drop after announcing results

Carphone sees share price drop after announcing results

Carphone Warehouse share prices have fallen 10% after the retailer announced its Q4 results for the first few months of 2008.

A shortfall in broadband connections, around 10,000 less than expected, is thought to be a significant factor behind the drop in shareprice, which was down to 239p this morning.

However, mobile business produced more positive figures, with a 12% rise in mobile connections bringing the overall figure to 2.7m.

Charles Dunstone, Carphone chief executive officer, believes the results are positive considering the current squeeze of the market.

He said: ‘Our performance over the last three months has been good in a slower consumer environment.'
Written by Mobile Today
Mobile Today

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