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The first quarter earning season is just starting, but we can already draw interesting conclusions based on the earnings beats and misses. Especially, the earnings of consumer electronics retailers seem to be confirming the trend that has been persistent the past couple of years.

This morning Radioshack (NYSE: RSH) posted a $0.06 loss per share versus the expectations of $0.05 profit. The stock has been hit hard and is currently down nearly 7%. Radioshack also posted lower than expected revenues of $1.01 billion, which is lower than its sales of $1.06 billion in Q1 2011.