Outerwall falls as Redbox DVD rental business weakens

By | July 31, 2015

Scalper1 News

Outerwall (OUTR) stock dropped through the floor on Friday, a day after the Redbox parent reported declining DVD rentals from its kiosks. The Bellevue, Wash.-based company beat Wall Street estimates on earnings but missed on revenue. Outerwall earned $2.19 a share excluding items on sales of $545 million in the June quarter. Analysts polled by Thomson Reuters expected Outerwall to earn $1.72 a share ex items on sales of $564 million. Outerwall Scalper1 News

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