Earnings
Coinstar Sees Big 2nd-qtr Revenue, In-line Profit
The Associated Press
05/07/09 - 06:35 PM EDT
BELLEVUE, Wash. (AP) Coinstar Inc., which makes coin-counting machines, said Thursday second-quarter revenue will top Wall Street estimates and earnings per share will fall within range of analyst expectations.
The company anticipates earnings in the three months ending in June of 14 cents per share to 20 cents per share. Analysts surveyed by Thomson Reuters expect, on average, 17 cents per share.
Coinstar anticipates revenue in the second quarter from $300 million to $310 million, while Wall Street expects $299.4 million.
For all of this year, the company expects revenue of $1.2 billion, slightly less than the $1.24 billion analysts are looking for.
In aftermarket trading, shares fell 38 cents to $34.95.