Hastings Entertainment posted net income of $800,000, or six cents per diluted share, on revenues of $129.1 million for the three-month period ended April 30. That was off last year's pace when the co

Hastings Entertainment posted net income of $800,000, or six cents per diluted share, on revenues of $129.1 million for the three-month period ended April 30. That was off last year’s pace when the company made $2 million, or 17 cents per share, on revenues of $126.9 million in its fiscal first quarter.

While total revenues were up 1.7% for the company, comparable-store sales were just under flat at 0.1%, for the quarter.

The company attributed the decline in books and music to a weaker release schedule for hit titles than in 2004. “Sales were OK in February, fabulous in March, but April just shot us down,” says Hastings VP and CFO Dan Crow.

The company announced its results this morning before trading opened and by mid-day, the company's stock was down 13 cents to $5.66 from the previous day close of $5.79. The company's 52 week range is $5.37 to $10.25.

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