RadioShack Tops Views, Shares Jump

RadioShack beat both profit and revenue forecasts, sending shares higher in after-hours trading.
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NEW YORK (

TheStreet

) --

RadioShack

(RSH)

beat both profit and revenue forecasts, sending shares higher in after-hours trading.

During the quarter, the electronics retailer earned $50.1 million, or 39 cents a share, compared with $43.1 million, or 34 cents, in the year-ago period. Analysts were calling for a profit of 36 cents a share.

Sales rose 4% to $1.04 billion from $1 billion, while same-store sales jumped 4.7%. Analysts predicted revenue of $1 billion.

RadioShack said it saw strength in sales of accessories and power product platforms.

Shares are gaining 2.8% to $23.54 in extended trading.

-- Reported by Jeanine Poggi in New York.

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