RadioShack Corp. (NYSE: RSH) reported fourth-quarter and full-year 2013 results before markets opened Tuesday. The electronics retailer posted an adjusted net earnings per share (EPS) loss of $1.29 on $935.4 million in revenue. In the same period a year ago, the company reported EPS of $0.07 on revenues of $1.17 billion. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for an EPS loss of $0.14 and $1.12 billion in revenues.

For the full year, RadioShack posted an EPS loss of $3.04 on revenues of $3.43 billion, compared with a loss of $0.60 a share on $3.83 billion in revenues for 2012. The consensus estimates called for an EPS loss of $2.13 on revenues of $3.62 billion.

About the only good thing to say about RadioShack is that hardly anyone is paying attention to them anymore. So this announcement that the company will close up to 1,000 stores likely will be greeted with comments like, “Why did they wait so long?” and “I thought they closed all the stores years ago.”

The company completed an $835 million financing package in December that RadioShack used to refinance existing debt and for other corporate purposes. The lenders maintained the right of consent over which stores the company closes. They probably want to make sure that RadioShack does in fact close the stores.

RadioShack did not offer guidance for the new fiscal year, but the Thomson Reuters consensus calls for a full-year EPS loss of $1.40 — and that will certainly be adjusted further downward as the year goes on. The consensus revenue estimate calls for a total of $3.56 billion. For the first quarter, the current EPS estimate calls for a loss of $0.32 on revenues of $834.29 million.

The company’s CEO said:

Our fourth quarter financial results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues. … Over the past few months, we have undertaken a comprehensive review of our portfolio from many angles — location, area demographics, lease life and financial performance – in order to consolidate our store base into fewer locations while maintaining a strong presence in each market. The result of that review is our plan to close up to 1,100 underperforming stores. We will continue to have a strong, unmatched presence across the U.S. with over 4,000 stores including over 900 dealer franchise locations.

RadioShack shares traded down about 24% in the premarket Tuesday morning, at $2.08 in a 52-week range of $2.02 to $4.36. Thomson Reuters had a consensus analyst price target of $2.25 before the earnings report.

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