Company Reports 20 Percent Profit Gain
FORT WORTH, Texas (AP) _ Tandy Corp. on Monday reported third-quarter net income of $50.4 million, or 56 cents per share, a 20 percent increase over the same quarter a year ago.
For the quarter that ended March 31 last year, net income was $42 million, or 47 cents per share, the company said.
Revenue for the Fort Worth-based computer and electronics giant rose 12 percent to $776.9 million from $693.4 million, officials said.
Net income for the nine months increased 16 percent to $197.9 million, or $2.20 a share, from $170.8 million, or $1.92 a share, in the same period a year earlier.
Revenue for nine months increased 16 percent to $2.7 billion, up from $2.3 billion for the first three quarters of the previous fiscal year.