Blockbuster Inc. says it cut its third-quarter loss by more than 40 percent.
The better-than-expected results amounted to a net loss of $20.6 million, or 11 cents per share, for the quarter.
It's a marked improvement from the Dallas-based movie rental chain's $37.2 million loss during the same period last year.
Revenue slid nearly 3 percent to $1.20 billion during the three months that ended Oct. 5.
Meanwhile, the company's same-store sales rose more than 5 percent.
That's an important retail industry metric of sales in stores open at least a year.
Copyright AP - Associated Press
