Hastings Entertainment, Inc. Reports Third Quarter EPS of $(0.35)

Hastings Entertainment, Inc. HAST today reported results for the three and nine months ended October 31, 2010. Net loss was approximately $3.1 million, or $0.35 per diluted share, for the three months ended October 31, 2010 compared to net loss of approximately $3.4 million, or $0.36 per diluted share, for the three months ended October 31, 2009. Net loss was approximately $2.1 million, or $0.23 per diluted share, for the nine months ended October 31, 2010 compared to net loss of approximately $2.1 million, or $0.22 per diluted share, for the nine months ended October 31, 2009. Net loss for the three and nine months ended October 31, 2010 included revenue of approximately $0.1 million and $0.5 million, respectively, related to gift card breakage.