Blockbuster+ebitda - Blockbuster posts wider loss, shares...

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Blockbuster posts wider loss, shares fall | 1 of 2 8/16/2008 12:03 AM Print | Close this window Blockbuster posts wider loss, shares fall Thu Aug 7, 2008 7:11pm EDT By Sue Zeidler LOS ANGELES (Reuters) - Blockbuster Inc posted a wider quarterly loss on Thursday, as its DVD rental margins fell short of some analysts' forecasts, and its shares fell nearly 10 percent. Although the company posted better-than-expected second-quarter revenue and also raised its outlook, investors wiped out all of Wednesday's 10 percent gain. Blockbuster, which has tried to reposition itself to compete in a world where audiences are downloading videos or receiving them by mail, said its second-quarter net loss was $41.9 million, or 23 cents per share, compared with a year-earlier loss of $31.4 million, or 18 cents per share, including an $81.3 million gain on asset sale. While stronger-than-expected revenues were buoyed by video game sales in
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This note was uploaded on 04/03/2010 for the course FINA FINA111 taught by Professor Lynnpi during the Spring '09 term at HKUST.

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