Hastings Entertainment (HAST) Reports First-Quarter Profit Of $1 Million

Hastings Entertainment, Inc. HAST reported its first-quarter results today. The company reported first-quarter profit of $1 million, or $0.11 per share, compared with a profit of $1.7 million, or $0.17 per share reported for the same period last year. Revenue increased 2.7% to $129.1 million in the quarter. Comparable store sales were up 4.9% in the quarter. Shares of Hastings Entertainment, Inc. closed at $6.83, on Friday.