Sam's (NYSE:WMT) Drops 417 RadioShack (NYSE:RSH) Kiosks

RadioShack (NYSE:RSH) got bad news from Sam's Club (Wal-Mart) as they decided to drop the 417 RadioShack kiosks operated by RadioShack in the stores.

Goldman Sachs (NYSE:GS) noted that instead of prior expectations of generating a $30 million increase in revenue from Kiosks, now it'll decline by $10 to $15 million.

RadioShack had their 4Q10 EPS estimate lowered from $0.64 to $0.62, for full year 2011 from $2.14 to $1.90, and full year 2012 from $2.40 to $2.15.

The upcoming release of the Apple (Nasdaq:AAPL) iPhone by Verizon (NYSE:VZ) is also considered a negative by Goldman for RadioShack.

Even so, Goldman maintains their "Buy" rating on RadioShack, which closed Monday at $17.47, losing $0.89, or 4.85 percent. Goldman lowered their price target on them from $20 to $22.