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Article: Movie Gallery Reports Fourth-Quarter Net Income of $0.52 Per Diluted Share.
- Article from:
- Business Wire
- Article date:
- February 19, 2004
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Entertainment Editors/Business Editors
DOTHAN, Ala.--(BUSINESS WIRE)--Feb. 19, 2004
Adjusted Net Income Exceeds Guidance for Fourth Quarter,
Increasing 29.3% to $0.53 Per Diluted Share
Announces Expectations for 2004
Movie Gallery, Inc. (Nasdaq:MOVI) today announced financial results for the fourth quarter and fiscal year ended January 4, 2004. Revenues increased 27.9% to $195,509,000 for the fourth quarter from $152,845,000 for 2002. Net income was $17,460,000, or $0.52 per diluted share, for the fourth quarter of 2003 up from a net loss of $3,932,000, or $0.12 per diluted share, for 2002.
Adjusted net income per ...