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Coinstar (CSTR) logoIt seems that 92% year-over-year earnings growth wasn’t quite enough to impress Wall Street. Shares of DVD rental kiosk operator Coinstar Inc. (CSTR) are taking a beating as traders pan the company’s softer-than-forecast second-quarter results and lackluster revenue forecast.

For the recently concluded quarter, Coinstar banked a profit of $13.4 million, or 41 cents per share, up from last year’s results of $7 million, or 23 cents per share. Revenue for the quarter climbed 35% to $342.4 million. As recently as May, Coinstar predicted its quarterly revenue would arrive between $363 million and $383 million.

Continue reading Coinstar Hammered After Disappointing Earnings

Coinstar Hammered After Disappointing Earnings originally appeared on BloggingStocks on Fri, 30 Jul 2010 11:40:00 EST. Please see our terms for use of feeds.

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LZB logoLa Z Boy (LZBoption chain) stock is traded much lower Tuesday after the company reported fourth-quarter 2009 earnings, posting an adjusted profit of 24 cents per share on revenue of $310 million. Analysts had forecast a profit of 23 cents per share on revenue of $307 million. However, shares of the stock are falling due to a cautious 2010 outlook. CEO Kurt Darrow warned that the company will need to boost sales and cut costs to counteract various macroeconomic factors, including high unemployment and housing volatility. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on LZB.

LZB opened Tuesday at $11.01. In morning trading, the stock hit a high of $11.19 and a low of $10.12. As of 12:00, LZB was trading at $10.19, down $2.21 (-17.8%). The chart for LZB looks bearish and S&P gives LZB a negative 2 STARS (out of 5) sell ranking.

Continue reading La Z Boy Plummets on Weak 2010 Outlook

La Z Boy Plummets on Weak 2010 Outlook originally appeared on BloggingStocks on Tue, 15 Jun 2010 13:00:00 EST. Please see our terms for use of feeds.

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Outlook Money Awards The Outlook Money Awards were instituted in 2002 to honour companies in the realm of personal finance and beyond that bring value to their clients and customers. The sectors included are banking, insurance, mortgages, mutual funds and stocks, among others. The awards are given in nine broad categories. The categories are instituted [...]