BLOCKBUSTER ENTERTAINMENT. Blockbuster Entertainment Corp. of Fort Lauderdale, the home video retailer, announced record third-quarter revenue and earnings. Company revenue for the quarter ended Sept. 30 was $165.3-million compared to $106.4-million for the same period in 1989, an increase of 55 percent. Net income increased 47 percent to $19.18-million from the $13.08-million reported for the quarter ended Sept. 30, 1989. Earnings per share for the third quarter of 1990 were 24 cents as compared to 17 cents for the comparable period in 1989 a 41 percent increase. The company's net income for the nine-month period ended Sept. 30 was $47.4-million, a 66 percent increase over the $28.5-million for the comparable period of 1989. Earnings per share were 60 cents for the first nine months of 1990, compared to 37 cents for the same period in 1989. REFLECTONE INC. Reflectone Inc., the Tampa company that builds flight simulators, reported a net loss of $191,000 for its second quarter ended Sept. 30, or 18 cents per share after preferred stock dividends, an improvement from the net loss of the comparable period last year of $1.29-million, or 93 cents per share. Revenues for the quarter were $15.3-million, compared with $11.2-million for the same quarter last year. For the six-month period ended Sept. 30, the company reported a net loss of $780,000 or 54 cents per share, compared to a loss of $2.01-million, or $1.49 a share, for the year-ago period.
REEBOK INTERNATIONAL. Reebok International Ltd., blaming sluggish U.S. sales of its footwear, reported a 17 percent drop in third-quarter earnings. Reebok said earnings totaled $41-million, or 36 cents per share, for the quarter that ended Sept. 30. That compared with earnings of $49.8-million, or 44 cents per share, for the same period a year earlier. Sales for the quarter increased to $588.8-million from $524.5-million in the same three-month period in 1989. For the first nine months of 1990, earnings totaled $137.1-million, or $1.20 per share, on sales of $1.67-billion. That compared with earnings of $140-million, or $1.23 per share, on sales of $1.44-billion in the same period a year earlier.