1/19/2010 9:50:00 AM
Carphone Warehouse ups forecast after strong third quarter
Carphone Warehouse has
reported that full-year earnings would be at the top end of its forecast range
after a good third quarter at both its retail and telecoms arms.
Like for like revenues at
its retail joint venture with US
electricals group Best Buy rose 5.5% in the three months to31 December, beating
It raised guidance for the
share of net income for the period from between £30m and £40m to £40m to £45m.
Carphone CEO Charles
Dunstone said: ‘The UK
performed particularly well, with continued market share gains in the high-end
The company’s TalkTalk
business added a net 36,000 customers – above the forecast rise of 14,000. The
company attributed the rise to sponsorship of ITV’s The X-Factor.
It said an increase in
broadband customers was boosted by its takeover of Tiscali’s UK operations.TalkTalk,
which Carphone hopes to spin off by the end of March, now has 4.5 million