Outerwall (OUTR) Trims FY15 Outlook; Announced Resignation of Redbox President Horak

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Go back to Outerwall (OUTR) Trims FY15 Outlook; Announced Resignation of Redbox President Horak

Outerwall Provides Updated Full Year 2015 Guidance

December 7, 2015 4:14 PM EST

BELLEVUE, Wash., Dec. 7, 2015 /PRNewswire/ -- Outerwall Inc. (Nasdaq: OUTR) today provided an update on its financial expectations for the full year 2015. The revised outlook reflects lower Redbox segment revenue than expected for the fourth quarter of 2015 based on preliminary results through the end of November and expectations for December, as well as the expected write-off of certain capitalized assets associated with its SampleIt concept, which the company has decided to discontinue.

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