Hastings Entertainment Q1 Profit Rises

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5/21/2012 11:54 AM ET

Hastings Entertainment Inc. (HAST: Quote) Monday said its profit for the first quarter increased, due mainly to lower operating expenses.

The Amarillo, Texas-based company reported a first-quarter net profit of $833 thousand or $0.10 per share, compared to $413 thousand or $0.05 per share last year.

Total revenues for the quarter dropped to $115.49 million from $124.14 million in the prior-year quarter.

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