RadioShack reports improved profits

Consumer electronics retailer RadioShack has come out with their latest quarterly reports. The company has reported higher fourth-quarter profit.

RadioShack gained from improved gross margin and lower expenses.

The company reported earnings of $84.5 million, or 62 cents a share. This is up from $51.2 million, or 38 cents a share, a year earlier in the same period.

RadioShack has been actively working on cutting costs and they have taken steps like closing stores, clearing out slow-moving inventory and replacing it with more popular products.

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