Blockbuster: Q1 EPS Beats Street; Revs Come in Light
Blockbuster (BBI) this morning gets mixed reviews for its Q1 financial results.
The bottom-line gets raves: Profits of 20 cents a share beat the Street by a nickel.
The top-line gets jeers: Revenue of $1.39 billion missed the consensus view of $1.44 billion.
Blockbuster said it had 2.9% same-store sales growth, with a 0.4% rise in same-store rental revenue and a 19.7% increase in same-store merchandise sales.