FORT WORTH, Texas — RadioShack reported a fourth-quarter sales increase, thanks to the rollout of Target Mobile centers, but profits were down.
Total net sales and operating revenues from continuing operations for the 2011 fourth quarter increased 5.9% to $1.39 billion, compared with $1.31 billion for the 2010 fourth quarter. Net income for the 2011 fourth quarter was $11.9 million, or 12 cents per diluted share, compared with net income of $57 million, or 51 cents per diluted share, for the fourth quarter ended Dec. 31, 2010.