Outerwall Inc. lowered its 2015 guidance after a disappointing performance by Redbox, its DVD kiosk business, and said Redbox's president, Mark Horak, would leave the company.

In after-hours trading, Outerwall shares fell 25% to $43.49.

Outerwall, also home to to the Coinstar and ecoATM brands, said Redbox was hurt by poor third-quarter box office results. Outerwall is also discontinuing its SampleIt concept, which offered $1 consumer-product samples along with coupons.

Outerwall expects core earnings from continuing operations of between $7.65 and $8.15 a share for the year, down from earlier guidance of between $8.82 and $9.52.

It projects revenue of $2.165 billion to $2.19 billion, down from its prior view of $2.205 billion to $2.24 billion.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

December 07, 2015 17:45 ET (22:45 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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