Blockbuster Beats Third-Quarter Expectations - TheStreet

Blockbuster

(BBI) - Get Report

posted third-quarter earnings that beat analysts' estimates by 3 cents.

The video store chain, headquartered in Dallas, earned $22.6 million, or 13 cents a share, excluding intangible amortization, compared with $22 million, or 14 cents a share, a year earlier. Six analysts expected the company to earn 10 cents a share, according to a poll taken by

First Call/Thomson Financial

.

Third-quarter revenue increased 7.3% to $1.19 billion from $1.11 billion in the year-ago period, due to same-store revenue gains. Rental revenue rose 7.1% to $1.02 billion from $951.4 million last year.