NEW YORK (TheStreet) -- Shares of Outerwall Inc. (OUTR - Get Report) are lower by -7.31% to $51 in after-hours trading on Thursday, following the company's report that net income for the 2014 second quarter declined to $21.8 million, or $1.08 per diluted share, compared to $46.9 million, or $1.77 per diluted share, for the year ago period.
The company, which provides automated retail solutions, said revenue for the most recent quarter declined to $549.2 million from $553.1 million for the 2013 second quarter.
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"We rate OUTERWALL INC (OUTR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, poor profit margins and a generally disappointing performance in the stock itself."
OUTR data by YCharts
TheStreet Ratings team rates OUTERWALL INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
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