This should help all tech stocks:
CompUSA's 2nd-Quarter Sales
Are Better than Anticipated
Associated Press
DALLAS -- CompUSA Inc. said Wednesday that it posted a 22% increase in
sales during its fiscal second quarter, with an 8.8% rise in sales at stores open
at least a year.
Goldman Sachs had been expecting the company to report a 21% rise in sales
for the quarter ended Dec. 27, with a 6% rise in same-store sales. The
company's total sales for the quarter rose to $1.46 billion, from $1.20 billion
last year, the computer retailer said.
For the first six months of the year, sales at stores open at least a year, which
are also known as same-store sales, rose 7.6%. Total sales rose 21% to $2.65
billion from $2.19 billion a year ago.
CompUSA, based in Dallas, has 148 computer superstores across the nation.
Tuesday, Wall Street's anticipation that the company would post strong
second-quarter sales helped boost the stock 12.6%. On Wednesday, the shares
rose 5%, or $1.375, to close at $31 on the New York Stock Exchange.
Glenn |
