Outerwall (OUTR) has been down as much as 20% since the end of yesterday's regular session. This is the company formerly known as Coinstar. It also operates those Redbox movie-rental kiosks. Shares tumbled after the company lowered its outlook citing weak rentals over the summer. Business has actually been up about 14% year-over-year, but that's because of aggressive discounts. Prior to the losses we're seeing now, Outerwall is up about 9% over the past year. It touched its 52-week high at the end of July.
Adobe (ADBE) reports after today's closing bell. The company is expected to post earnings of $1.01 a share, down from $1.08 on revenue that has also fallen. Nevertheless RBC has an outperform on the stock and UBS is reiterating a buy. Key in the results will be how the company's subscription service is going. Also of interest: developments since Adobe's acquisition of marketing tech firm Neolane in June. Adobe shares have climbed 44% over the past year.
Already reporting this morning is fragrance maker Coty (COTY), out with its first earnings report since going public in June. Coty is posting adjusted profits of 3-cents a share when expectations were for 1-cent. Revenue was also slightly above consensus. Coty is citing strength in brands including Marc Jacobs, Chloe and Playboy as well as newer entrant, Lady Gaga's Fame. It did however see declines in skin and body care products. Coty shares are down about 6% from their original offering price of $17.50.
Finally, Pandora (P) has been down more than 5%. The streaming service is warning that growth has slowed down. Meantime, it is also proposing a follow-on offering of 10-million shares. Pandora stock hit an all-time high last Thursday, and even with this morning's losses, shares are up about 150% so far this year.