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Thursday, Apr 25
More on Coinstar (CSTR): Q1 misses on revenue but beats on a per share basis. Net profit fell...
More on Coinstar (CSTR): Q1 misses on revenue but beats on a per share basis. Net profit fell 58% Y/Y as growth continues to decelerate in its Redbox DVD-rental business and expenses increased. Revenue from Redbox rose just 1%, continuing a trend of slowing revenue growth. Total expenses increased 7.5%, due to an increase in input costs related to higher DVD content purchases and more kiosks installed in H2. The company also says it plans to seek approval from shareholders to change its name to Outerwall Inc. Shares +5.4% AH.