RadioShack Corp. (RSH) - Bull of the Day
We upgrade our recommendation for RadioShack Corp. (RSH) to Outperform based on our assessment that the company
is likely to improve its earnings in the future reporting quarters as a result of significant boom in the wireless industry.
The company is generating healthy revenue growth from stronger sales for its Sprint Nextel postpaid wireless business, netbooks and prepaid wireless handsets and airtime. The addition of T-Mobile as a postpaid wireless carrier also contributed to revenue.
RadioShack's decision to introduce iPhone 3G in all of its stores in 2010 will also boost its top-line. In addition, RadioShack began selling mobile phones in kiosks at about 100 Target stores.Zacks Investment Research
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.