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RadioShack Corp Earnings: Net Income Falls

S&P 500 component RadioShack Corporation’s saw net income fall in the fourth quarter from a year earlier. RadioShack is a retailer offering consumer electronic goods and services through its RadioShack store chain and non-RadioShack branded kiosk operations.

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RadioShack Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the electronics store fell to $11.9 million (12 cents per share) vs. $57 million (51 cents per share) a year earlier. This is a decline of 79.1% from the year-earlier quarter.

Revenue: Rose 5.9% to $1.39 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: RadioShack Corporation matched the mean estimate of 12 cents per share. Analysts were expecting revenue of $1.39 billion.

Quoting Management: Jim Gooch, president and chief executive officer of RadioShack Corp., said, “The final results for our fourth quarter are in line with the preliminary range we issued in January. Despite our gross margin challenges, we have a strong balance sheet, are making progress in our mobility business, and expect to advance our business improvement initiatives in 2012.”

Key Stats:

Net income has dropped 57.2% year-over-year on average across the last five quarters. Performance was hurt by a 99.3% decline in the third quarter from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the first quarter of the next fiscal year has moved down from 27 cents a share to 12 cents over the last ninety days. At 92 cents per share, the average estimate for the fiscal year has fallen from $1.24 ninety days ago.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com