B'buster sees mixed 2nd qtr.
Vidtailer giant still battling online competish
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Profit number fell short of analyst expectations, and vidtailer would have endured a loss if not for a $91 million gain as part of a tax settlement. Stock dropped 12% on the news.
Company did jump same-store rentals -- an important metric -- by 4%, but real battleground continues to be online subscribers.
Netflix revealed it was burned by churn earlier this week, but Blockbuster's online division didn't fare much better: Company gained only 100,00 Web customers in the period and stills trails Netflix by nearly 4 million subs.
