Coinstar Plummeting After Earnings (CSTR)

After the closing bell on Thursday, Coinstar CSTR reported its Q2 earnings. The company said that income from continuing operations was $12.8 million or diluted earnings per share of $0.39, compared with $10.5 million, or $0.35, in the second quarter of 2009. This compared with analysts' EPS estimates of $0.33. Revenues came in at $324.4 million, which was a 34.9% increase over last year's corresponding quarter. This missed Wall Street expectations, however, by a wide margin. Analysts' had been anticipating that CSTR would report revenue of $381.48 million. In the after hours trading session, CSTR has been hit hard, falling nearly 8% to $44.22.