Media/Entertainment
Source Interlink (SORC) posted a weaker-than-expected fourth quarter as hurricanes, high fuel prices and the bankruptcy of a large retail customer hit the bottom line.
The Bonita Springs, Fla., media distributor made $10 million, or 19 cents a share, on a pro forma continuing operations basis, down from the year-ago $6 million, or 24 cents a share. Revenue was $473 million. Analysts surveyed by Thomson Financial were looking for a 29-cent profit on sales of $537 million. Late Monday, Source Interlink fell 66 cents to $10.TheStreet Premium Services
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