Coinstar's (CSTR Quote) shares were surging 14% a day after the company reported strong results for the second quarter and offered upbeat guidance. Revenue for the most recent quarter rose to $130.3 million from $109.8 million.
Coinstar, an operator of coin-counting machines found in supermarkets and convenience stores, earned $4.1 million, or 15 cents a share, in the second quarter. Before items, the profit was 18 cents. The estimate was 13 cents. A year ago, Coinstar earned $5.3 million and 21 cents a share.
For the third quarter, Coinstar is looking for revenue of $140 million to $150 million and earnings, before items, of 22 cents to 29 cents a share. Analysts are expecting earnings of 20 cents and revenue of $143.8 million. Shares of Coinstar were climbing $3.16 to $25.10.
Technitrol (TNL Quote) jumped 25% on the heels of its latest quarterly report, which showed profits and revenue on the rise. Revenue rose to $239.2 million for the second quarter from $143.3 million in the year-ago period. The company earned $15.2 million, or 38 cents a share, compared with a loss of $42.9 million and $1.06 a share last year. Excluding items, Technitrol would have earned 47 cents in the most recent quarter. ...
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