RadioShack Q3 net income down

Tue. October 27, 2009; Posted: 05:00 AM

Oct 27, 2009 (Datamonitor via COMTEX) -- RSH | Quote | Chart | News | PowerRating -- RadioShack, a specialty retailer of consumer electronics, has reported a net income of $37.4 million, or $0.3 per share, for the third quarter ended September 30, 2009, compared to $49.1 million, or $0.38 per share, for the third quarter of 2008.

For the third quarter of 2009, net sales and operating revenues were down 3.1% to $990 million, compared to $1.02 billion for the same quarter of 2008.

For the first nine months of 2009, net sales and operating revenues were $2.957 billion, compared to $2.965 billion for the same period of 2008. Net income was $129.3 million, or $1.03 per share, compared to $129.3 million, or $0.99 per share, for the prior-year period.

Julian Day, chairman and CEO of RadioShack, said: "Two key strategic efforts continue to be primary areas of focus for the organization. First, the launch of 'The Shack' brand platform was a success, and we will continue to refine and invest in this positioning. Second, the introduction of T-Mobile in our company-operated stores and Verizon Wireless in our Sam's Club kiosks further enhances our mobility proposition. Together with AT&T and Sprint, we now offer a broader range of choices to fit consumers' needs."

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For full details on Radioshack Corp (RSH) click here. Radioshack Corp (RSH) has Short Term PowerRatings of 5. Details on Radioshack Corp (RSH) Short Term PowerRatings is available at This Link.

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