RadioShack Reports Earnings of 41 Cents Per Share

RadioShack (RSH) reported that second-quarter earnings rose 8.6% from a year earlier to $53 million or 41 cents per diluted share.

Total net sales and operating revenue was $1.01 billion, up 4.7% from the second quarter of 2009, the company said in a statement. Comparable stores sales for company-operated stores and kisoks advanced 6.7% in the second quarter from a year earlier.

"In the second quarter, we worked hard to continue to strengthen our brand with particular emphasis on the mobility sector," CEO Julian C Day said.

RadioShack completed a pilot of wireless kiosks inside Target stores. The company now plans to roll out kiosks in most Target stores by the middle of 2011.

Read Full Story
  • DJI25962.44-173.35-0.66%
  • NIKKEI 22520596.92-80.30-0.39%
    Hang Seng26225.87-5.67-0.02%
  • USD (PER EUR)1.11-0.0002-0.02%
    USD (PER CHF)1.02-0.0011-0.11%
    JPY (PER USD)106.480.23300.22%
    GBP (PER USD)1.220.00010.00%