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Coinstar, Inc. announces preliminary first-quarter results


April 17, 2012
By Retail-Digital.com

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April 17, 2012, Washington – Coinstar Inc. announced certain preliminary financial results for the first quarter ended March 31, 2012, including results that exceeded previous guidance for the first quarter.

April 17, 2012, Washington – Coinstar Inc. announced certain preliminary financial results for the first quarter ended March 31, 2012, including results that exceeded previous guidance for the first quarter.

Coinstar's preliminary results for the 2012 first quarter include:

 

2012 First Quarter

Preliminary Results Range

  
  • Consolidated revenue

$567.0 million to $569.2 million

  • Income from continuing operations

$53.0 million to $54.3 million

  • Core adjusted EBITDA from continuing operations*

$127.9 million to $130.1 million

  • Diluted earnings per share from continuing operations

$1.62 to $1.66

  • Core diluted earnings per share from continuing operations*

$1.36 to $1.40

Coinstar noted that the increase in consolidated revenue was driven by stronger than anticipated consumer demand at Redbox throughout the quarter, particularly during February and March, reflecting, in part, better than anticipated consumer acceptance of the price increase for Redbox standard definition DVD rentals implemented in October 2011.

Click here for the full report.


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