Circuit City Earnings Up 34%:

Circuit City Group said earnings jumped 34% in its fiscal fourth quarter amid higher demand for technology products and office equipment and improvement in its CarMax auto stores business. The company said net income rose to $160.1 million, or 78 cents a share, from $119.1 million, or 59 cents, a year earlier. The results were a penny below analysts’ estimates. Circuit City sales rose 15% to $3.48 billion, and sales at stores open at least a year grew 10%. The company said it is seeing a growing demand for new digital products, such as DVD players and cameras, that carry higher profit margins. Shares in Richmond, Va.-based Circuit City fell 81 cents to close at $56.69 on the New York Stock Exchange.