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) -- Shares of



were flat in extended trades after the Fort Worth, Texas-based consumer electronics retailer reported a fourth-quarter profit at the low end of its previous outlook Tuesday and gave a fiscal 2011 forecast that surrounds the current average analysts' view.

After the closing bell, the company said it earned $57 million, or 51 cents a share, in the three months ended Dec. 31, down from a year-ago profit of $75.7 million, or 60 cents a share, and short of the average estimate of analysts polled by

Thomson Reuters

for earnings of 53 cents a share in the December period.

On Jan. 24, RadioShack forecast earnings of 50 to 54 cents a share for the fourth quarter, well below Wall Street's then-consensus view of 67 cents a share. At the same time, the company


its transition plan, saying CEO Julian Day plans to retire in mid-May.

Sales for the latest three months came in at $1.37 billion, up 4% year-over-year, as previously forecast, while same-store sales at its U.S.-based stores and kiosks rose 1.3%. For fiscal 2011, the company sees earnings of $1.60 to $1.90 a share with total sales growth projected in the low-to-mid single digits. Wall Street's current consensus estimate is for a profit of $1.80 a share in fiscal 2011.

RadioShack also provided an update of its ongoing dispute with


, saying it has informed the company that it's "materially breached" their contract; although it expects to have "constructive discussions with T-Mobile and hopes that the matter will be resolved quickly."

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"Our priority for 2011 is to continue to make operational improvements that enhance our mobility, innovation and service offerings for customers," said Jim Gooch, RadioShack's president and chief financial officer who will succeed Day as CEO. "Despite the disappointing performance of our T-Mobile postpaid business in the fourth quarter, we strongly believe mobility products are the cornerstone of our future."

The stock was last quoted at $15.31, unchanged from its regular session close, on volume of around 65,000. So far in 2011, the shares are down 15%, including a decline of 2.5% on Tuesday ahead of the report. The stock has fallen 23% over the past year, scraping a 52-week low of $14.96 on Jan. 31.

Wall Street was skeptical ahead of the results with 14 of the 17 analysts covering the stock rating it at either hold (13) or underperform (1) with the median 12-month price target sitting at $18.

Wedbush Morgan previewed the results last week, echoing Gooch's comments about the importance of wireless product sales to RadioShack going forward.

"Despite solid wireless growth, RadioShack faces many challenges," said the firm, which has a neutral rating and $18 price target on the stock, on Feb. 16. "It is not certain that wireless carriers will continue to consolidate at retail, and unclear whether

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will present a superior option due to more extensive carrier relationships and non-wireless products."


Written by Michael Baron in New York.

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