Electronics retailer RadioShack Corporation ( RSH ) late Tuesday posted a smaller-than-expected fourth quarter profit, despite an uptick in sales.
The Fort Worth, TX-based company reported fourth quarter net income of $57 million, or 51 cents per share, compared with $75.7 million, or 60 cents per share, in the year-ago period.
Sales rose almost 4% from last year to $1.37 billion.
On average, Wall Street analysts expected a higher profit of 53 cents per share, on matching revenue of $1.37 billion.
Looking ahead, the company forecast full-year 2010 earnings to range from $1.60 to $1.90 per share, while analysts are looking for $1.80 per share for the year.
RadioShack shares fell 18 cents, or -1.2%, in premarket trading Wednesday.
The Bottom Line
Shares of Radio Shack ( RSH ) have a 1.63% dividend yield, based on last night's closing stock price of $15.31. The stock has technical support in the $12-$13 price area. If the shares can firm up, we see overhead resistance around the $18 price level.
RadioShack Corporation ( RSH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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