Blockbuster OK with Q3 estimates

Company's shares finish 11% higher Wednesday

Blockbuster reiterated its full-year forecast on Wednesday and said it was comfortable with analysts' third-quarter estimates, citing its turnaround efforts and underlying fundamentals.

The company said in August it should post up to $315 million this year in adjusted earnings before interest, tax, depreciation and amortization.

The announcement sent Blockbuster shares 11% higher Wednesday, a dismal day on Wall Street.