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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (10563)	2/27/2007 8:38:08 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

RSH - 22.45- great earnings- fortunately out of position May revisit as SSS continue declining going into slumping economy --- RadioShack 4Q Profit Climbs 64 Percent Tuesday February 27, 8:11 am ET RadioShack Fourth-Quarter Earnings Climb 64 Percent to $84.5 Million on Lower Costs FORT WORTH, Texas (AP) -- Electronics retailer RadioShack Corp. said Tuesday its fourth-quarter profit climbed 64 percent on lower costs despite a drop in revenue. Earnings grew to $84.5 million, or 62 cents per share, in the three months ended Dec. 31 compared with $51.2 million, or 38 cents per share, in the year-ago period. Total operating expenses declined to $519.3 million from $604.5 million a year ago. The company's interest expense slipped to $11 million from $14.1 million. Quarterly revenue dropped 13 percent to $1.46 billion from $1.67 billion in the previous year. Analysts surveyed by Thomson Financial were looking for net income of 43 cents per share on sales of $1.47 billion. Same-store sales, or sales at stores open at least a year, slid 7.7 percent when compared with the prior year. Excluding an income statement reclassification, same-store sales fell 5.5 percent. RadioShack said the drop in same-store sales was primarily due to lower sales in postpaid wireless and personal electronics, partially offset by increases in prepaid wireless sales, MP3 players and accessories. "Our team put forth a tremendous effort executing our plan during the fourth quarter. We have made great progress in some areas, while other areas such as the wireless business remain a challenge," Chairman and Chief Executive Julian Day said in a statement.