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Blockbuster's Sales Up, But Loss Also Up

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Aug 7, 2008 9:29 am US/Central

Blockbuster's Sales Up, But Loss Also Up

DALLAS (AP) ― Blockbuster says its second-quarter loss widened even as sales rose 3.3 percent, as the company continued to restructure.

The Dallas-based chain said today its net loss expanded to 41.9 million dollars, or 23 cents per share, for the three months ended July Sixth, from 31.4 million dollars, or 18 cents per share, in the year-earlier period.

The company says revenue rose to 1.3 billion dollars from 1.26 dollars billion last year.

Analysts surveyed by Thomson Financial forecast a loss of 19 cents per share on revenue of 1.23 billion dollars.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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