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Article: Movie Gallery Reports 100% Growth in Fourth Quarter Earnings Per Diluted Share to $0.28; Full-Year Earnings Increase 73% to $0.83 Per Diluted Share.
- Article from:
- Business Wire
- Article date:
- February 20, 2001
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Business Editors
DOTHAN, Ala.--(BUSINESS WIRE)--Feb. 20, 2001
Movie Gallery, Inc. (Nasdaq:MOVI) today announced financial results for the fourth quarter and year ended December 31, 2000. Revenues for the fourth quarter, a 13-week period, were a record $84,748,000, up 14.4% from $74,073,000 for the fourth quarter of 1999, a 13-week period ended January 2, 2000. Net income increased 70.6% to $3,090,000 from $1,811,000, and earnings per diluted share rose 100.0% to $0.28 from $0.14. Adjusted EBITDA for the quarter was $10,027,000, a 4.6% increase from $9,583,000 for the fourth quarter of 2000. Cash earnings (net income before amortization of intangibles) ...