Monday, July 30, 2007

RadioShack posts quarterly profit

(Reuters) - Analysts expected profit of 25 cents a share, according to Reuters Estimates. It was not immediately clear whether the estimates were comparable.




Sales fell 15 percent to $934.8 million, short of analysts' estimates of $983.6 million. Same-store sales fell 8.9 percent. In its statement, the company said the post-paid wireless business and the closure of 481 stores in 2006 hurt sales.


Read more at Reuters.com Market News

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