Blockbuster Recovers Gains, Telular Jumps On Good Fiscal Q1 Report: BBI, WRLS
Blockbuster Inc. (NYSE:BBI) rose 12.68% up to $0.451 on no news, but recovering some gains after their stock slipped last week on lower than expected holiday revenue in their fourth quarter. The company forecasted that adjusted EBITDA for the 2009 year ended January 3, 2010 will be in the range of $195 million to $205 million, which corresponds to GAAP net loss in the range of $183 million to $193 million. Headquartered in Dallas, Texas, Blockbuster Inc operates and franchises entertainment-related stores and offers movies and video games for in-store rental, and sale and trade, and sells other entertainment-related merchandise. Blockbuster.com operates an online service that offers rental and sale of movies by mail and digital delivery.
Telular Corporation (NASDAQ:WRLS) gained 22.87% up to $4.46 on news released after the close yesterday. Telular announced their fiscal results for the first quarter ended December 31, 2009, and noted an increase in revenue of 21% up to $13 million from the same period of the previous year. The company’s net income grew to $1.0 million ($0.06 per diluted share), from $120,000 ($0.01 per diluted share) in the same period for the previous year. Headquartered in Chicago, Illinois, Telular Corporation provides event monitoring and wireless access solutions for business and residential customers, enabling devices such as phones, faxes, computers and commercial machinery to be connected using wireless technology.
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