Outerwall (OUTR) Tops Q1 EPS Views; Guides FY16 EPS Above Expectations
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Outerwall (NASDAQ: OUTR) reported Q1 EPS of $2.44, $1.11 better than the analyst estimate of $1.33. Revenue for the quarter came in at $536 million versus the consensus estimate of $508.35 million.
"Outerwall delivered solid results in the first quarter, demonstrating our continued ability to generate sustainable cash flow and profitability," said Erik E. Prusch, chief executive officer and interim Redbox president. "We will continue to leverage our valued and compelling brands, millions of loyal customers, and an unrivaled network of kiosks and retail partners."
Prusch continued, "Outerwall also initiated a process to explore strategic and financial alternatives to maximize value for shareholders that is well underway. The Board is involved in a comprehensive process and is committed to acting in the best interest of all shareholders."
GUIDANCE:
Outerwall sees FY2016 EPS of $5.35-$6.55, versus the consensus of $5.28.
For earnings history and earnings-related data on Outerwall (OUTR) click here.
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