News bloger for fun: Coinstar lowers Q4 guidance; shares drop

2011年1月17日星期一

Coinstar lowers Q4 guidance; shares drop

Citing a lower-than-expected performance of its Redbox video kiosk unit in December, Coinstar Inc. lowered its fourth-quarter earnings and revenue expectations. Originally, the Bellevue company (NASDAQ: CSTR) said it expected fourth-quarter revenue in the range of $415 million to $440 million, but it now expects only $391 million for the quarter. Earnings, which originally were expected to be between 79 cents and 85 cents for the fourth quarter, are now expected to be between 65 cents and 69...