Marketing Business Weekly
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Coinstar, Inc. Announces Third Quarter 2009 Results
November 22nd, 2009
Coinstar, Inc. (NASDAQ:CSTR) announced financial results for the third quarter and nine-month period ended September 30, 2009, which reflect the sale of its entertainment services business on September 8, 2009.
As a result of the sale, Coinstar recorded income from discontinued operations, net of tax, of $31.7 million, or $1.03 per diluted share, for the third quarter. The $31.7 million included a loss from the operations of the discontinued business for the third quarter of $0.7 million, or a loss of $0.02 per share. In addition, Coinstar recorded a pre-tax loss on disposal of $49.8 million and a one-time tax benefit of $82.2 million on the sale of the entertainment...
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Source: Marketing Business Weekly (2009-11-22)