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Article: Movie Gallery Reports Results for the First Quarter of 2006.
- Article from:
- PR Newswire
- Article date:
- May 11, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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* Net Income totaled $40.3 million, or $1.27 per diluted share
* Adjusted EBITDA was $116.8 million
DOTHAN, Ala., May 11 /PRNewswire-FirstCall/ -- Movie Gallery, Inc. today reported results for the first quarter of 2006, which ended April 2, 2006.
For the first quarter of 2006, total revenues were $694.4 million. Same-store total revenues for the first quarter decreased 6.5% from the same period last year, reflecting continued softness in the video rental industry. The Company's net income in the first quarter of 2006 totaled $40.3 million, or $1.27 per diluted share. These results included a $6.8 million non-cash charge for changes in rental ...