Wednesday, July 20, 2005
RadioShack sees earnings fall 23 percent
FORT WORTH - RadioShack's wireless phone business missed estimates for a second straight quarter, hurting earnings for the period and putting more pressure on the company to meet profit targets for the balance of 2005.
Second-quarter earnings dropped 23 percent from last year to $52.3 million, or 33 cents a share, a penny shy of Wall Street's forecast. Sales at stores open at least a year fell 1 percent, as weakness in wireless sales more than offset a 5 percent increase in the rest of the chain's product categories.
RadioShack has added hundreds of kiosks at Sam's Club stores to sell wireless products but said wireless sales rose only 2 percent overall. It did not give dollar amounts for those sales. ...
Star-Telegram
Second-quarter earnings dropped 23 percent from last year to $52.3 million, or 33 cents a share, a penny shy of Wall Street's forecast. Sales at stores open at least a year fell 1 percent, as weakness in wireless sales more than offset a 5 percent increase in the rest of the chain's product categories.
RadioShack has added hundreds of kiosks at Sam's Club stores to sell wireless products but said wireless sales rose only 2 percent overall. It did not give dollar amounts for those sales. ...
Star-Telegram
# posted by Lynn Wegley @ 11:52 AM 
