expects to meet earnings and sales projections for the fourth quarter, thanks in part to new product offerings.
The Fort Worth, Texas, electronics retailer expects to meet analysts' estimates of 75 cents a share for the fourth quarter, in line with the consensus forecast produced by
First Call/Thomson Financial
. The company also noted that it expects mid-to-upper single-digit sales increases in November, with the potential for double-digit sales increases in both November and December.
RadioShack said it hopes to benefit from the new products and services being offered in the fourth quarter, such as new
audio-video products, a
nationwide offering, high speed Internet access provided by
and a free satellite installation program.
Shares of RadioShack were falling today, recently trading down $8.25, or 13%, to $54.81 on the
New York Stock Exchange