RadioShack (RSH) Q3 EPS Rises 23%; Sees Benefit from Wireless Business
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Price: $3.92 -2.24%
Revenue Growth %: -15.9%
Financial Fact:
Other loss: -300K
Today's EPS Names:
TARO, SENEA, UQM, More
Revenue Growth %: -15.9%
Financial Fact:
Other loss: -300K
Today's EPS Names:
TARO, SENEA, UQM, More
Trade RSH Now!
RadioShack Corp. (NYSE: RSH) posted better-than-expected quarterly results on Monday, as the company attempts to reinvent itself as a wireless consolidator with the launches of several popular smartphones like Apple Inc.'s (NASDAQ: AAPL) iPhone 4.
The electronics retailer reported third-quarter earnings of $46 million or 37 cents per share, up from $37.4 million 30 cents per share in the same quarter last year.
Revenue for the company company rose 6.2 percent to $1.05 billion.
On average, analysts had expected earnings of 35 cents per share from RadioShack on sales of $1.04 billion.
The company has benefited from adding postpaid wireless carrier T-Mobile and from the recent rollout of wireless kiosks in Target (NYSE: TGT) stores.
"In addition to the continued growth in our wireless business, we are encouraged by the improvements in our non-wireless product categories, including accessories and power," said Julian C. Day, chairman and chief executive officer. At the same time we were able to make strategic investments both in the transition to a more contemporary and productive product assortment in our non-wireless platforms and in our infrastructure investment in the Target Mobile program."
Shares of RadioShack are down 4.39 percent to $21.84 in early market movement on Monday.
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The electronics retailer reported third-quarter earnings of $46 million or 37 cents per share, up from $37.4 million 30 cents per share in the same quarter last year.
Revenue for the company company rose 6.2 percent to $1.05 billion.
On average, analysts had expected earnings of 35 cents per share from RadioShack on sales of $1.04 billion.
The company has benefited from adding postpaid wireless carrier T-Mobile and from the recent rollout of wireless kiosks in Target (NYSE: TGT) stores.
"In addition to the continued growth in our wireless business, we are encouraged by the improvements in our non-wireless product categories, including accessories and power," said Julian C. Day, chairman and chief executive officer. At the same time we were able to make strategic investments both in the transition to a more contemporary and productive product assortment in our non-wireless platforms and in our infrastructure investment in the Target Mobile program."
Shares of RadioShack are down 4.39 percent to $21.84 in early market movement on Monday.
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