Subscribe
Business

Coinstar posts lower 3Q profit; shares tumble

By Washington Examiner
Published
Add Washington Examiner on Google

BELLEVUE, Wash. (AP) — Coinstar’s profit dipped about 1 percent in the third quarter, as the company’s operating expenses increased and a decline in the number of new DVD releases and viewer competition from the Olympics dampened its Redbox rentals business.

The company also issued a full-year earnings and revenue outlook that fell short of Wall Street’s expectations. Its shares fell nearly 7 percent in after-hours trading.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.