An investigation for investors in Outerwall Inc over potential securities laws violations by Outerwall in connection certain financial statements was announced.
Investors who purchased shares of Outerwall Inc (NASDAQ:OUTR), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Outerwall Inc (NASDAQ:OUTR) concerning whether a series of statements by Outerwall Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Outerwall Inc reported that its annual Total Revenue declined from $2,306.6 million in 2013 to $2,303 million in 2014 and that its Net Income of $208.09 million in 2013 declined to $106.62 million in 2014.
Shares of Outerwall Inc (NASDAQ:OUTR) grew from $51.37 per share in October 2014 to as high as $83.89 per share in July 2015.
On December 7, 2015, Outerwall Inc provided an update on its financial expectations for the full year 2015. Outerwall Inc said that the revised outlook reflects lower Redbox segment revenue than expected for the fourth quarter of 2015 based on preliminary results through the end of November and expectations for December, as well as the expected write-off of certain capitalized assets associated with its SampleIt concept, which the company has decided to discontinue.
Shares of Outerwall Inc (NASDAQ:OUTR) declined to as low as $32.74 per share on January 11, 2016.
Those who purchased shares of Outerwall Inc (NASDAQ:OUTR) have certain options and should contact the Shareholders Foundation.
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