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RadioShack Corp.

July 27, 2011

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The electronics retailer said its net income fell 53 percent, hurt by lower sales and costs related to phasing out T-Mobile inventory and closing a plant in China. But RadioShack struck a deal to sell Verizon Wireless products, after it stops selling T-Mobile products. Net income fell to $24.9 million, or 24 cents per share, from $53 million, or 41 cents per share, last year. Analysts expected 38 cents per share.