Coinstar, helped by Redbox, sees Q4 earnings jump
February 7th, 2012
Coinstar Inc., aided by its Redbox DVD rental subsidiary, saw fourth-quarter earnings soar by analysts' expectations, and reported earnings of $1 per share, better than the predicted 65 cents per share. CNBC.com reports Coinstar also improved its current-quarter financial guidance, and shares in the Bellevue company (NASDAQ: CSTR) soared in early Tuesday pre-trading. Yesterday, Coinstar announced a deal between Redbox and Verizon.
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