Friday, October 29, 2010

Wall Street Star Of The Day (NASDAQ: CSTR) (NASDAQ: NFLX)

Coinstar Inc. jumped 24.47% on Friday as earnings beat Wall Street analyst expectations by 20%. Q3 profit fell sharply to $0.60 but still beat expectations of $0.50. Revenue was recorded as being $320 million. Coinstar owns self-operated coin machines and offers DVD services. The company competes with the likes of Netflix, a company that offers DVD services as well as online streaming services.

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