Outerwall (OUTR) Tops Q3 EPS by 30c; Issues Solid EPS Outlook
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Outerwall (NASDAQ: OUTR) reported Q3 EPS of $1.44, $0.30 better than the analyst estimate of $1.14. Revenue for the quarter came in at $552.9 million versus the consensus estimate of $562.2 million.
Outerwall sees Q4 2014 EPS of $1.85-$2.15, versus the consensus of $2.06. Outerwall sees Q4 2014 revenue of $575-605 million, versus the consensus of $600.2 million.
Outerwall sees FY2014 EPS of $5.98-$6.28, versus the consensus of $5.85. Outerwall sees FY2014 revenue of $2.28-2.31 billion, versus the consensus of $2.32 billion.
"We made substantial progress on a number of fronts during the third quarter, including the disciplined execution of our initiatives to improve efficiency," said J. Scott Di Valerio, Outerwall's chief executive officer. "Our focus on managing Outerwall for profitability is driving tangible results, including solid core adjusted EBITDA from continuing operations and improvement of operating margins. On the content side, our studio relationships remain strong. We signed a new agreement with Lionsgate and extended our existing agreement with Universal Studios. Finally, we are scaling our ecoATM business through significant kiosk installations and several new agreements with our retail partners."
For earnings history and earnings-related data on Outerwall (OUTR) click here.
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