Scalper1 News
Two weeks after kicking its CEO to the curb, Redbox parent Outerwall (OUTR) reported better-than-expected earnings and sales for the fourth quarter. Outerwall stock rose more than 6% Friday, closing above 65. Outerwall late Thursday also declared its first-ever quarterly dividend and announced an additional $250 million stock buyback plan. Outerwall earned $2.44 a share, up 45% year over year, on sales of $601 million, up 1%. Analysts polled by Thomson Reuters expected $2.37 and $600 million. On Jan. 20, Outerwall announced that Scott Di Valerio had stepped down as CEO and resigned from the board. Board member Nora Denzel was appointed interim CEO. In a statement Thursday, Denzel said the company is pleased with its Q4 results and is focused on optimizing its core businesses (Redbox and Coinstar) and scaling its ecoATM business. EcoATM operates kiosks that allow people to trade in used smartphones and other mobile devices for… Scalper1 News
Scalper1 News