Joined Nov 11, 2007
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$CSTR Falls in A.H. After Missing Earnings and Guiding Lower


“Feb 7 (Reuters) – Coinstar Inc, the operator of Redbox video rental kiosks, reported a 28 percent drop in quarterly profit, sending its shares down 8 percent in extended trade.

The company’s net income fell to $22.8 million, or 75 cents per share, in the fourth quarter, from $31.5 million, or $1.00 per share, a year earlier.

Revenue rose 8.4 percent to $564.1 million.

The company’s shares closed at $52.10 on the Nasdaq on Thursday….”

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