Jim Chanos Gets Slapped in the Face by His Coinstar (CSTR) Short

Sometimes revenge seems almost too sweet.

Following the announcement by famous short-seller Jim Chanos that he picked Coinstar (Nasdaq: CSTR) as one of his next targets, Coinstar had a classy response: kick up its first-quarter outlook.

After the market closed, Coinstar reported preliminary first-quarter earnings of $1.36 to $1.40 per share on revenue of $567 million to $569.2 million, versus consensus views calling for EPS of 90 cents and revs of $537.7 million. For more color on the call, click here.

With Coinstar up 13 percent after-hours, Chanos might be popping one too many blood vessels right now...

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