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
Facebook Inc. (FB), Wednesday reported a jump in profit for the second quarter, as the social networking giant's bottom line continues to be driven by soaring ad revenues. Both earnings and revenues trumped Wall Street expectations, sending shares up by 6 percent in the extended hours. Menlo Park,... Boeing Co.(BA) reported a loss for the second-quarter 2016 compared to profit in the prior year, reflecting 787 cost reclassification and charges on the 747 program and the KC-46 Tanker program, partially offset by solid execution and higher volume. It cut its profit outlook for fiscal year 2016, while it reaffirmed annual revenue guidance. Automaker Fiat Chrysler Automobiles NV on Wednesday reported a 25 percent increase in profit for the second quarter from last year. However, quarterly net revenues and worldwide shipments declined from last year.
comments powered by Disqus
Follow RTT