UPDATE: RadioShack Reports Decline In Q2 Profit

RadioShack Corp (NYSE: RSH) reported a decline in its second-quarter profit.

RSH reported its quarterly profit at $24.9 million, or $0.24 per share, down from $53 million, or $0.41 per share, in the year-ago period. Its sales declined to $941.9 million from $962.3 million. Analysts were expecting a profit of $0.38 per share on revenue of $1.03 billion.

RSH shares surged 19.25% to $15.61 in pre-market trading.