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Silicon Alley Insider (Free subscription) | yesterday
Blockbuster (BBI) missed its sales numbers, but an improving bottom line shows that the company is doing a nice job of managing its decline (and hopeful transition to a new, as yet-to-be-determined future). So why on earth is it still pressing forward with a Circuit City deal? Revenue: $1.39, down 5.4% y/y vs. $1.44B consensus. The decline is intentional: BBI has been shuttering underperforming stores...
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24/7 Wall St. (Free subscription) | yesterday
Blockbuster Inc. (NYSE: BBI) managed to beat earnings expectations this morning. The company posted $0.20 EPS on a 5.4% revenue decrease to $1.39 Billion.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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24/7 Wall St. (Free subscription) | yesterday
Carl Icahn has made the announcement that he plans a proxy fight to either control or influence the Yahoo! board. It is a remarkably poor idea. Microsoft... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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AAPL - BloggingStocks (Free subscription) | 05/11/2008
Filed under: Earnings reports , Apple Inc (AAPL) , XM Satellite Radio (XMSR) , Sirius Satellite Radio (SIRI) , Netflix, Inc. (NFLX) , Blockbuster Inc 'A' (BBI) , Whole Foods Market (WFMI) , Economic data , IndyMac Bancorp (IMB) , Zoltek Co (ZOLT) , Blackstone Group L.P (BX) The earnings party of last week was full of fun and frolic. For the most part, if you followed my list of recommendations, you...
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24/7 Wall St. (Free subscription) | 05/09/2008
Circuit City Stores, Inc. (NYSE: CC) has finally capitulated. There are two separate announcements this morning, but in reality it is all part of the same... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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Seeking Alpha (Free subscription) | yesterday
Eric Savitz (Barron's) submits: Blockbuster (BBI) gets mixed reviews for its Q1 financial results . Complete Story »
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The Atlanta Business Chronicle (Free subscription) | yesterday
Video rental chain Blockbuster Inc. swung to a profit in its first quarter, helped by cost-cutting measures. (BBI)
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The Dallas Business Journal (Free subscription) | yesterday
Video rental chain Blockbuster Inc. swung to a profit in its first quarter, helped by cost-cutting measures. (BBI)
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Seeking Alpha (Free subscription) | 17 hours ago
Todd Sullivan submits: Blockbuster (BBI) reported net income for the first quarter of 2008 was $45.4 million, or $0.20 per diluted share, an improvement of $94.4 million as compared with a net loss of $49.0 million, or $0.27 per share, for the first quarter of 2007 (see earnings call transcript ). Complete Story »
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WebPro News (Free subscription) | yesterday
In the age of video on demand, advertisements touting that Netflix (Nasdaq: NFLX) has rented over two billion movies, the pervasiveness of peer to peer (p2p) networks, and the general drum-beat of the demise of video rental, today's earnings report from Blockbuster (NYSE: BBI) is a shocker: read more
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The Intuitive Life Business Blog (Free subscription) | yesterday
In the age of video on demand, advertisements touting that Netflix (Nasdaq: NFLX) has rented over two billion movies, the pervasiveness of peer to peer (p2p) networks, and the general drum-beat of the demise of video rental, today's earnings report from Blockbuster (NYSE: BBI) is a shocker: "Blockbuster Inc., swung to a first-quarter profit amid prior-year termination fees as domestic same-store sales...
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Paidcontent (Free subscription) | yesterday
While movie renter Blockbuster ( NYSE: BBI ) saw Q1 profits of $45.4 million ($0.20 per diluted share) compared to last year's $49 million net loss, the closing of over 400 retail locations depressed revenues, which were down 5.4 percent to $1.39 billion from Q107's $1.47 billion - a decrease of nearly $80 million. At the same time, same-store revenues in the U.S. grew 2.9 percent year-over-year....
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YHOO - BloggingStocks (Free subscription) | yesterday
Filed under: Before the bell , Earnings reports , Deals , Microsoft (MSFT) , Yahoo! (YHOO) , General Electric (GE) , Market matters , Penney (J.C.) (JCP) , Blockbuster Inc 'A' (BBI) , Kohl's Corp (KSS) , Economic data , Nordstrom, Inc (JWN) , Blackstone Group L.P (BX) U.S. stock futures were marginally higher early Thursday morning as once again investors await data on the economy to give them direction....
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Seeking Alpha (Free subscription) | 05/12/2008
Notable Calls submits: Citigroup is out with a pretty huge call on Blockbuster (BBI) saying that despite widespread negative sentiment on BBI's proposed acquisition of Circuit City (CC), they believe the potential deal fits with management's current strategy and see compelling reasons for the merger. Citi believes it is key to realize that a BBI-owned CC will likely look very different than Circuit...
