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Tuesday, December 8, 2015

Outerwall (NASDAQ:OUTR) tumbles

Redbox movie rental kiosk owner Outerwall (NASDAQ:OUTR) tumbled 22% after management lowered its full-year 2015 EPS and revenue guidance to well below analyst consensus views.

The company also said President Mark Horak was resigning and that Chief Executive Erik Prusch would act also as interim president. Outerwall shares last week stumbled out of an attempt to climb the right side of a four-month consolidation.



A week later: still going down


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