Ahead Of The Bell: Blockbuster Shares Fall

NEW YORK (AP) — Shares of Blockbuster Inc. tumbled in premarket trading Friday after the movie rental company posted first-quarter revenue well below Wall Street projections.

While its profit surpassed expectations, Blockbuster's revenue of $1.12 billion dropped nearly 20 percent from a year earlier and was almost $200 million below analyst estimates.

Blockbuster, whose brick-and-mortar store model has been challenged by rival Netflix Inc. and others, is working to lower costs and expand its revenue sources. ...