Publish date:

RadioShack Earnings Tracking Above Estimates

The company discloses the outlook after its CEO misspoke to a newspaper reporter.
Author:

RadioShack

(RSH)

said third-quarter earnings will top existing analyst estimates thanks to better-than-expected performance in practically all of its segments.

The company expects to earn 30 cents to 33 cents a share in the quarter, which ends Sept. 30. Analysts surveyed by Thomson First Call expect the company to earn 29 cents a share, on average.

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RadioShack said it was forced to issue a press release containing the outlook after its CEO inadvertently told a newspaper reporter the company's earnings were tracking "at or above the upper range" of estimates in an interview. Disclosure was required under the

SEC's

regulation FD.

CEO Leonard Roberts also said, "We're on a roll right now. The results will show that we're making the right decisions."

The shares were up $1.06, or 3.6%, to $30.56.