2013年9月16日星期一

Redbox Owner’s Shares Plummet After It Reports Disappointing Summer Sales

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Pavilion to the outside of the company's share price fell by more than 20%, in late trading after cut its forecast for this year's financial said in a release in July and August. Discounts "drive consumers to a single night/DVD rental." Therefore, each the rent in the third quarter net revenue could fall by up to 9 cents, compared with the same period last year. Company, formerly known as for COINSTAR, also said that it may be possible to see 6.5 M less than the rent, it is expected in the fourth quarter "title has been transferred to the number of both in the fourth quarter to 2014." Shift is bigger than the normal number of red box with Q3 hope: last year, the company and the summer Olympics, hard competition and the number of customers in the first half of 2013 compared with the same period last year growth of 5%. In fact, CEO Scott j. di valle Leo said, "in July and August, the red box rents and income significantly increased" - even if they end up "is not our expectations." He vowed to cut the number of consumer promotions, reduce content and operating costs, and buy back an additional $100 m in the fourth quarter of the outer wall. In July, the company down to the top of, its third-quarter revenue forecast by 6.5% to $589 million, earnings per share forecast by 37.8%, to 94 cents, the highest. In terms of the year, as much as $2.338 billion, is now expected to income from the previous estimate of 5.5%, core diluted earnings per share of $5.12, and 18.2%.

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