Circuit City Sees Beating Fourth-Quarter Estimate - TheStreet

Circuit City

(EXTR) - Get Report

said fourth-quarter earnings will beat the consensus analyst estimate due to strong December sales.

The electronics retailer expects earnings of 72 cents to 76 cents a share, up from 49 cents in the year-ago quarter. Wall Street had been expecting 71 cents a share, according to Thomson Financial/First Call.

The company said total sales for December rose 10% to $1.83 billion, due primarily to growth items such as video game hardware and DVDs. The company also said it expects mid-single-digit growth in sales in both January and February.

Shares of Circuit City were recently up 9.2% to $30 in Instinet trading after closing at $27.46 Friday.