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Hastings Posts Loss For First Quarter

By Ed Christman, N.Y.
Publication: Billboard Bulletin
Date: Wednesday, June 21 2000
Hastings Entertainment Inc. reported a loss of $462,000, or 4 cents per diluted share, on revenues of $110.5 million in its fiscal first quarter, which ended April 30. The company had net income of $2.7 million, or 23 cents per share, on sales of $100.6 million in the same period last year. While total

sales were up 9.9% for the quarter, comparable store-sales rose 1.6%.

Hastings' stock closed yesterday at $3.19, down from Monday's close of $3.875.

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