Outerwall crashes on Redbox business weakness

By | December 7, 2015

Scalper1 News

Outerwall (OUTR) fell through the floor late Monday after the company cut its full-year guidance, canceled a new business initiative, and announced a leadership change to its core Redbox DVD rental unit. Outerwall stock was down 24%, near 44, in after-hours trading Monday on the news. It ended the regular session down 2%, at 58.06. The Bellevue, Wash.-based company blamed weaker-than-expected results from its Redbox movie kiosk business for the Scalper1 News

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