RadioShack Profit Up 16 Percent
RadioShack Corp. Monday reported a first quarter profit of $50.1 million, a gain of 16.4 percent over the same period the year before. The retailer attributed the positive quarter to strong sales of mobile and connectivity products.
The results exceeded analyst expectations.
The chain, which has used the moniker "The Shack" for the past year, has emphasized sales of mobile phone products.