Coinstar Trading Down 6% on Q1 Results

Coinstar

released its fiscal first quarter earnings results after the closing bell on Thursday. During Friday's trading session, CSTR shares have lost a little more than 6% and were last trading at $63.36 after opening the day at $65.00. The company reported net income of $53.7 million or $1.65 per share, versus $8.5 million or $0.26 per share, in the year ago period. On an adjusted basis, which is comparable to analysts' consensus, CSTR reported EPS of $1.39 compared to $0.46 last year. This came in ahead of Wall Street earnings per share expectations of $1.34. Revenues for the quarter were $568.2 million, a 34 percent increase over the $424.1 million that the company reported in last year's first quarter. This compared to analysts' consensus estimates of $563.50 million. Looking ahead to the second quarter, CSTR sees EPS of $1.09-$1.24 on revenues of $525 million to $550 million. Currently analysts expect the company to report EPS of $1.05 on revenues of $544.14 million for the second quarter. For the full-year, CSTR sees EPS of $4.40-$4.80 on revenues between $2.155 billion and $2.280 billion. This compares to analysts' current consensus estimates for the full-year of $4.74 on revenues of $2.26 billion.