Bellevue-based Outerwall Inc.’s net income rose to $46.9 million, or $1.64 a share, in the second quarter from $36.9 million, but the numbers fell short of Wall Street’s expectations. The results were hurt by declines in DVD rentals at its Redbox kiosks.

The company changed its name from Coinstar in early July.

Excluding a one-time tax benefit and accounting change, Outerwall earned 91 cents a share in the quarter, down 27 percent year over year and below Wall Street’s forecast for earnings of 99 cents a share.

The company also reported that it has completed the acquisition of ecoATM for @62.9 million. The company is the creator of an automated self-serve kiosk system that buys used mobile phones, tablets and MP3 players for cash.

Total Outerwall revenue rose 4 percent to $554.2 million. Analysts had forecast $564.9. Redbox revenue climbed 4.5 percent to $478.5 million during the quarter, which the company attributed primarily to new kiosk installations. The figure was about $10 million below Wall Street’s estimate. Revenue generated by Coinstar coin-counting kiosks edged up 1 percent to $74.5 million.

According to a report in Vending Times, Outerwall chief executive Scott Di Valerio expressed optimism for Redbox in the second half of 2013.

“Redbox eclipsed 50 percent of the physical rental market for the first time during the second quarter, and we expect rentals and revenue per kiosk to exceed 2012 levels in the second half of the year as stronger content and enhanced marketing efforts drive improved customer frequency and retention,” Di Valerio said.