Latest in Coinstar Earnings

The stock is down 7.4% in post-market trading after the company behind the Redbox DVD rental kiosks reported so-so results for Q4, with a light projection for 2013. Net income of $22.9M is down 27.4% from the end of 2011, on revenues of $564.1M, +8.4%. The revenue number is short of analysts’ forecasts for $580.2M…

The stock price is down about 15% after hours for the company behind the Redbox kiosks. It reported net earnings of $36.9M, +37.9% vs last year’s Q2, on revenues of $532.2M, +22.3%. So what’s the problem? Analysts thought that revenues would be closer to $545M. And earnings from continuing operations, at $1.11 a…

Can Verizon And Redbox Compete With Netflix, Apple, And Amazon? Coinstar shares are up more than 13% in after-hours trading on a big news day for the relatively small parent of Redbox. The twist with the announcement involving Blockbuster Express is that the kiosks you see in supermarkets and drug stores aren’t owned…

UPDATE, 3 PM: CEO Paul Davis says the Redbox price increase to $1.20 a night followed “several months of testing” and was designed to keep prices “as low as possible for consumers” as operating costs rise. The company says that the “vast majority” of transactions at its kiosks involve debit cards affected by the…

The leading provider of DVD rental kiosks generated 2Q profits of $26.7M, double what it delivered in the same period last year, on revenues of $435.2M, up 27%. Earnings at continuing operations came in a 98 cents a share, beating the 95 cents that analysts expected. But they also thought that revenues would be…