Filed under: Major Movement, Earnings Reports, Forecasts, Bad News, Options, Technical Analysis

It seems that 92% year-over-year earnings growth wasn’t quite enough to impress Wall Street. Shares of DVD rental kiosk operator Coinstar Inc. (CSTR) are taking a beating as traders pan the company’s softer-than-forecast second-quarter results and lackluster revenue forecast.

For the recently concluded quarter, Coinstar banked a profit of .4 million, or 41 cents per share, up from last year’s results of million, or 23 cents per share. Revenue for the quarter climbed 35% to 2.4 million. As recently as May, Coinstar predicted its quarterly revenue would arrive between 3 million and 3 million.

Continue reading Coinstar Hammered After Disappointing Earnings

Coinstar Hammered After Disappointing Earnings originally appeared on BloggingStocks on Fri, 30 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Coinstar – Wall Street – Interactive kiosk – BloggingStocks – Business
BloggingStocks

Most Asian stocks rose as an increase in Crude Oil and metals prices yesterday boosted commodity companies, while Mitsui & Co. tumbled on the potential fallout from the Gulf of Mexico oil disaster.
BHP Billiton Ltd., the world’s biggest mining company and Australia’s largest Crude oil producer, climbed 1% in Sydney. Rio Tinto Group, the third-largest [...]
Live Stock Trading News | Equities, Forex, Gold, Silver and Oil Trading » News & Events