Specialty retailer Coinstar Inc. (CSTR) Thursday reported quarter net income declined to $22.6 million or $0.78 per share, compared to $53.7 million or $1.65 per share in the same quarter last year.
Excluding items, core earnings from continuing operations for the quarter were $0.93 per share, compared to $1.39 per share a year ago.
Revenue for the quarter increased 1.1% to $574.7 million from $435 million last year.
Analysts polled by Thomson Reuters expected earnings of $1.17 per share on revenues of $545.03 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the second quarter, the company expects core earnings from continuing operations of $0.90 to $1.05 per share on revenues of $555 million to $580 million. Analysts currently expect earnings of $1.25 per share on revenues of $583.89 million.
For the full year, the company now expects core earnings from continuing operations of $5.05 to $5.55 per share on revenues of $2.210 billion to $2.310 billion.
Analysts currently expect earnings of $5.14 per share on revenues of $2.42 billion for the full year.
Coinstar Inc. provides automated retail solutions primarily in the United States, Canada, Puerto Rico, Ireland, and the United Kingdom.
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