Outerwall Q2 Profit Rises - Quick Facts

(RTTNews) - Outerwall Inc. (OUTR) reported that its second-quarter net income increased to $46.86 million or $1.64 per share, from $36.88 million or $1.11 per share, last year. Core earnings per share was $1.91, excluding non-core adjustments of $0.27 per share, compared to $1.25 per share, excluding non-core adjustments of $0.14 per share in the second quarter of 2012.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.99 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue rose to $554.23 million from $532.22 million last year. Analysts expected revenue of $564.22 million for the quarter. For the 2013 full year, Outerwall management expects: consolidated revenue between $2.372 billion and $2.475 billion; and core profit per share between $5.76 and $6.26. Analysts expect the company to report full year profit per share of $5.11 on revenue of $2.39 billion.

For the 2013 third quarter, Outerwall management expects: consolidated revenue between $604 million and $630 million; and core profit per share between $1.36 and $1.51. Analysts expect the company to report third-quarter profit per share of $1.63 on revenue of $614.07 million.