FORT WORTH, Texas-RadioShack Corp.’s stock was up slightly after the company said its fourth-quarter earnings would exceed the high end of its expectations. The company said its fourth-quarter free cash flow will be about $420 million vs. previous guidance of $310 million to $350 million.
The company cited a favorable merchandise mix and supply chain management improvements for the results. RadioShack said sales in its wireless communications offerings were up 17 percent due to higher sales of Verizon Wireless and Sprint PCS products and services, as well as higher sales of wireless accessories.
RadioShack’s stock was up slightly to about $32.64 per share.
