Revenues rose 20.1% year/year to $456.6 mln vs the $493.3 mln consensus.
For the fourth quarter, the company expects to see earnings in the range of $0.57 to $0.67 versus $0.78 Capital IQ Consensus Estimate; sees revenue of $485 million to $510 million versus the $482.95 million Capital IQ Consensus Estimate.
The company also announced that effective October 31, 2011, the price for renting a redbox standard definition DVD would increase to a $1.20 daily rate from $1.00. The prices for Blu-ray format movie rentals and for video game rentals will not change and the daily rates will continue to be $1.50 and $2.00, respectively. "This marks the first price increase for a redbox standard definition DVD rental in eight years. The change is primarily due to the increase in operating expenses, including the recent increase in debit card interchange fees as a result of the Durbin Amendment."






