Reuters: Global Markets: Coinstar CEO retires, CFO to take over

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Coinstar CEO retires, CFO to take over Jan 3rd 2013, 21:52 Tweet Share this Email Print Related News Mellanox cuts 4th-quarter revenue estimate, shares fall Wed, Jan 2 2013 Accenture forecast misses Wall Street estimates, shares fall Wed, Dec 19 2012 Netflix rival Redbox starts movie streaming this month Wed, Dec 12 2012 Related Topics Investing and Taxes Simplified » Hot Stocks » Asian Markets » A Redbox automated DVD rental kiosk is seen in Golden, Colorado September 16, 2009. Credit: Reuters/Rick Wilking Thu Jan 3, 2013 4:52pm EST (Reuters) - Coinstar Inc (CSTR.O), the operator of Redbox video rental kiosks, said its chief executive Paul Davis will retire and current finance head Scott Di Valerio will replace him. Shares of the company fell 5 percent to $49.60 in after-market trade on Thursday. Di Valerio, who has been Coinstar's chief financial officer for more than two years, will succeed 55-year-old Davis, who will retire on March 31. Galen Smith, a finance executive from its Redbox subsidiary, will be the new CFO. The company said core diluted earnings from continuing operations are trending at or above the high end of its forecast range, primarily due to lower costs and certain tax benefits. Coinstar had forecast fourth-quarter core diluted earnings of 62 cents to 77 cents per share from continuing operations on revenue of $552 million to $602 million. The kiosk operator, which also owns the movie rental service Redbox, last month debuted the much-anticipated online streaming version of Redbox in collaboration with Verizon Communications (VZ.N). (Reporting by Neha Alawadhi in Bangalore; Editing by Sreejiraj Eluvangal) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions