Source Interlink (SORC) Reports Q1 Earnings
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Source Interlink Companies, Inc. (Nasdaq: SORC) reports Q1 adjusted EPS of $0.18 compared to $0.10 for the same quarter last year.
GAAP revenue for fiscal 2009 first quarter increased $139.0 million or 29.2% to $614.4 million compared to the prior year total GAAP revenue of $475.4 million. The increase in revenue year-over-year is due, in large part, to the SIM acquisition and an exclusive deal inside the Periodical Fulfillment Segment.
Source Interlink Companies, Inc. (Source Interlink) is a marketing, publishing, merchandising and fulfillment company of entertainment products, including digital versatile discs (DVDs), music compact discs (CDs), magazines, books and related items serving about 110,000 retail store locations throughout North America. [SM]
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