The company posted third quarter earnings late yesterday that were well ahead of analyst expectations, at $37.1 million, or $1.18 per share, compared to $19.5 million, or $0.60 per share, last year. The results were well ahead of analyst estimates.
But the company said it is hiking the fee for regular DVD rentals to $1.20 per share from $1 per share.
In addition, Coinstar's forecast for fourth quarter earnings is below analyst estimates.
Mail-order DVD rental company Netflix (NLFX) saw a decline in subscribers after it raised its own fees in the third quarter.
Both companies are contending with increasing video streaming services, such as those from Amazon.com (NASDAQ:AMZN), Walmart's (NYSE:WMT) Vudu and Dish Network's (NASDAQ:DISH) Blockbuster.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
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