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No Chart-Toppers for Hastings
By Nathan Slaughter
May 24, 2005

The past few months have been difficult for Hastings (Nasdaq: HAST), the Texas-based company that segments its superstores into separate areas for book sales, music sales, movie sales, software sales, and movie/video game rentals. Although it stocks enough new and used merchandise to keep fans of one-stop shopping busy for hours, the large selection still added up to a steep 60% drop in first-quarter net income -- for the second straight quarter. Earnings fell to $0.8 million, from $2 million a year ago, on revenues that edged up 1.7% to $129.1 million...
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