CompUSA Inc, the Dallas-based retailer that operates a nationwide chain of computer superstores turned in year-end numbers that exceeded the Street’s expectations and proved that US sales of PCs and peripherals are buzzing along at a healthy pace. The company reported fourth-quarter net income that soared 94% to $22.9m on revenue up 23% at $1.15bn. Earnings per share for the quarter came in at $0.24, leading to a $0.04 victory over the First Call consensus for the quarter and the year. Yearly net income saw a 57% rise to $93.9m, or $0.99 per share, on revenue up 22% at $4.61bn. Results for 1996 include a charge of $3.5m stemming from the acquisition of PCs Compleat Inc last June (CI No 2,926).
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