RadioShack Announces Prelim Q4 Sales of $1.39B vs $1.39B Est; EPS $0.11-0.13

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RadioShack Corp.
RSH
today announced preliminary, unaudited results for the fourth quarter ended Dec. 31, 2011. Total net sales and operating revenues from continuing operations for the 2011 fourth quarter increased approximately 6% to $1.39 billion compared to $1.31 billion for the fourth quarter last year. Comparable store sales for company-operated stores increased approximately 2% during the 2011 fourth quarter. Consolidated gross profit as a percent of net sales in the 2011 fourth quarter is expected to be approximately 35%, compared to 41% in the 2010 fourth quarter. Diluted earnings per share for the 2011 fourth quarter are expected to be in the range of $0.11 to $0.13, compared to $0.51 per diluted share reported in the 2010 fourth quarter.
Posted In: NewsGuidance
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