Earnings: Blockbuster Swings To Profit In Q1 As Revenues Drop 5.4 Percent

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... 3 months ago