Redbox operator Outerwall's revenue rises 4.7 pct

Thu May 1, 2014 4:12pm EDT

May 1 (Reuters) - Outerwall Inc reported a 4.7 percent rise in quarterly revenue as sales rose in its Redbox video rental kiosk business.

The company's net income rose to $23.2 million, or 94 cents per share, in the first quarter ended March 31 from $22.6 million, or 78 cents per share, a year earlier, when the company was known as Coinstar.

Revenue rose to $600.4 million from $573.3 million, a year earlier. (Reporting by Aurindom Mukherjee in Bangalore; Editing by Kirti Pandey)