In other financial news, sales at Hastings fell 1.7 percent in the third quarter, at $112.3 million, with the company showing a net loss of $3.4 million–at -36 cents a share that was well below what the company’s single analyst was forecasting, and $0.7 million worse than Hasting’s own internal forecast. As a result, they formally reduced their guidance on full-year earnings by five cents a share. According to the company’s category breakouts, book sales comps were just above flat at 0.2 percent for the quarter (also up 1 percent for the year), but publishers probably don’t benefit from the […]
