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Hastings Entertainment and Perfect World beat Q1 earnings estimates

Posted May 18th 2009 6:20PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports

While much of the attention was on the upside surprise offered up by Lowe's Companies Inc. (NYSE: LOW), Hastings Entertainment Inc. (NASDAQ: HAST) and Perfect World Co. Ltd. (NASDAQ: PWRD) also reported beating earnings expectations Monday.

Leading multimedia entertainment retailer Hastings reported that, for the three months ended April 30, it earned about $1.7 million, or $0.17 per diluted share. That compares to a profit of $0.28 per share a year ago, as well as to $0.13 per share forecast by analysts surveyed by Thomson Reuters. First-quarter revenue decreased 4.7% from a year ago to $125.7 million.

Continue reading Hastings Entertainment and Perfect World beat Q1 earnings estimates

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