Key Developments For Hastings Entertainment, Inc
Hastings Entertainment, Inc (HAST.O) (Consolidated Issue listed on NASDAQ Capital Market)
Hastings Entertainment, Inc. Lowers FY 2009 EPS Guidance
Hastings Entertainment, Inc. lowered its 2009 net earnings per share (EPS) guidance to be in the range from $0.37 to $0.42 to a range of $0.32 to $0.37. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.37 for the same period.
Hastings Entertainment, Inc. Lowers FY 2009 EPS Guidance
Hastings Entertainment, Inc. lowered its fiscal 2009 net earnings per share (EPS) guidance to be in the range from $0.40 to $0.45 to a range of $0.37 to $0.42. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.40 for the same period. The Company cited the continued uncertainty in the current retail environment, particularly with respect to the holiday selling season, makes forecasting very difficult as the primary reasons for this negative outlook.
Hastings Entertainment, Inc. Reaffirms FY 2009 Earnings Guidance
Hastings Entertainment, Inc. reaffirmed its fiscal 2009 net earnings per share (EPS) guidance to be in the range of $0.40 to $0.45. According to Reuters Estimates, analysts were expecting the Company to report EPS of $0.40 for the same period.
Hastings Entertainment, Inc. Issues FY 2009 Earnings Guidance In Line With Analysts' Estimates; Comments On FY 2009 Comparable Store Sales Guidance
Hastings Entertainment, Inc. announced that for fiscal 2009, it expects net income to be in the range of $3.8 to $4.3 million and net income per diluted share (EPS) to be in the range of $0.40 to $0.45. Comparable store revenue expects to be low single digit decrease. According to Reuters Estimates, analysts were expecting the Company to report net profit of $4.3 million and EPS of $0.41 for the same period.
Hastings Entertainment, Inc. Announces Stock Repurchase Of Up To $5.0 Million
Hastings Entertainment, Inc. announced that its Board of Directors has authorized a stock repurchase program in the amount of $5.0 million. This program is in addition to the Company's previously announced stock repurchase programs, which totaled $22.5 million. As of October 31, 2008, approximately $1.4 million remained available under the previously approved stock repurchase programs. Under the program, the Company may repurchase stock in the open market from time to time at current market prices at the time of purchase or in privately negotiated transactions. The timing and actual number of shares repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, and other market conditions.
