closed about a year ago, delivered second-quarter financial results reflecting the company’s struggle to fully digest the deal.
Citing a host of industry headwinds that have intensified since the transaction was completed, the company reported total revenue of $79.9 million in the quarter ending June 30. While that was more than twice the year-earlier figure of $37.6 million thanks to the addition of and its thousands of movie-rental kiosks, it fell well short of Wall Street analysts’ consensus expectation for $120.1 million.
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