Consumer electronics chain Radioshack has reported better-than-expected figures for its first quarter, the first welcome indicators for the consumer electronics industry in recent months. For the quarter, net profit was up 11.1% to $43.1m (34 cents a share), from $38.8m (30 cents) last year. Sales were up 5.6% year-on-year to $1bn, while same-store sales rose 5% (up 6.2% on a calendar-adjusted basis).

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