'RadioShack reports 39% drop in 4Q profits'

RadioShack reports 39% drop in 4Q profits

02/26/09 20:14

Despite the economic downturn and one of the worst holiday seasons on record for retailers, consumer electronics brand RadioShack still managed to come out of the 4th quarter of 200 with profits. However, the profits are much less than last year's.

The company posted a 4Q net income of $62 million, down from $101 million or 39% during the same period last year.

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