logo
Share SHARE
FONT-SIZE Plus   Neg

Outerwall Reports Q2 Core EPS From Cont. Ops. Of $1.42 - Quick Facts

Outerwall Inc. (OUTR) reported that its second-quarter income from continuing operations decreased to $21.81 million or $1.08 per share, from $50.41 million or $1.77 per share, prior year. Core EPS from continuing operations was $1.42 for the quarter.

The company noted that the year-over-year decrease in income from continuing operations was primarily due to lower revenues and the impact of the change in the amortization accounting methodology that was implemented in the second quarter of 2013. Had this methodology been in effect prior to the second quarter of 2013, income from continuing operations for the second quarter of 2013 would have been $32.2 million, Outerwall said.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.36 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $549.17 million from $553.05 million, a year ago. Analysts expected revenue of $559.35 million for the quarter. The company said the year-over-year decline in consolidated revenue was primarily due to the impact of a weak content release schedule on the Redbox business, partially offset by an increase in revenue from the Coinstar segment and the inclusion of the ecoATM business that was acquired in late July 2013.

For the third-quarter, the company expects: consolidated revenue between $535 million and $565 million; and core EPS from continuing operations between $0.99 and $1.29. Analysts expect the company to report third-quarter earnings per share of $1.91 on revenue of $613.52 million.

For the full-year 2014, the company expects: consolidated revenue between $2.254 billion and $2.334 billion; and core EPS from continuing operations between $5.78 and $6.28. Analysts expect the company to report 2014 earnings per share of $6.80 on revenue of $2.40 billion.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Food delivery startup DoorDash and courier service Postmates have joined with robotic delivery developer Starship Technologies for conducting commercial delivery trials over the next few weeks. With Starship's self-driving delivery robots, DoorDash will do the delivery tests in Redwood City, California, while Postmates' tests will take place in Washington, D.C. They will carry food orders ... Aiming to better prepare its employees, Delta Air Lines has decided to begin new diversity training for all of its flight crews after incidents of alleged discrimination against passengers, Bloomberg reported. *** is the stock in focus, on the merit of its valuation and upbeat guidance revision. The company ***, a vendor of fiber-optic components, revised up fourth-quarter revenue guidance above Street estimates. We think the stock has at least 10% upside from current levels.
comments powered by Disqus
Follow RTT