2008.02.26

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A hír:

"(RTTNews) - Tuesday, retailer of consumer electronic goods and services RadioShack Corp. (RSH) announced a significant increase in fourth quarter net income compared to last year. Subsequent to the announcement, the shares climbed more than 22% on NYSE.

The Fort Worth, Texas - based company posted a quarterly profit of $101 million compared to $84.5 million in the prior year. Earnings per share rose to $0.77 from $0.62 last year. The company noted that the recent quarter earnings were enhanced by improved gross margin, reduction in SG&A and reduced interest expense.

On average, 16 analysts polled by First Call/Thomson Financial expected the company to earn $0.72 per share.

According to the company, net sales and operating revenue declined to $1.364 billion from $1.458 billion in the previous year. Analysts were expecting $1.33 billion. Meanwhile, operating income climbed to $165.2 million from $145.8 million in the equivalent quarter last year.

For the quarter, comparable store sales declined 6.7% that is attributable to lower sales in postpaid wireless and satellite radio and offset by an increase in GPS units, pre-paid wireless sales, video gaming and media storage.

For the full year 2007, the company reported a net income of $236.8 million or $1.74 per share compared to $73.4 million or $0.54 per share in the prior year.

Total sales for the period declined to $4.252 billion from $4.778 billion a year ago on 8.2% decline in comparable store sales and reduction of number of stores compared to the year ago period. Operating income climbed to $381.9 million from $156.9 million in the previous year.

RSH is currently trading at $19.23, up $3.49 or 22.24% on a volume of 7.303 million shares."

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