Scalper1 News
Shares of Redbox parent Outerwall (OUTR) tumbled Tuesday after the company announced that Scott Di Valerio has stepped down as CEO and resigned from the board, a major red flag coming just two weeks before Outerwall is due to report Q4 earnings. Outerwall was down 17% in midday trading in the stock market today, at a two-month low near 64.50. Outerwall narrowed its fourth-quarter guidance at or above its previous guidance range to assuage investors. It now expects Q4 sales of $598 million to $602 million and earnings per share from continuing operations of $2.40 to $2.52. Based on the midpoint of its guidance, EPS would be up 46% to $2.46 and sales would be up 1% to $600 million. Analysts polled by Thomson Reuters were modeling Outerwall to earn $2.06 a share on sales of $596 million. Outerwall is scheduled to report Q4 earnings after the market close on… Scalper1 News
Scalper1 News