4/15/2008 12:15:00 PM
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.Charles Dunstone, Carphone chief executive officer, believes the results are positive considering the current squeeze of the market.
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.
He said: ‘Our performance over the last three months has been good in a slower consumer environment.'