Diebold reports 4Q loss

Associated Press |

NORTH CANTON, Ohio (AP) _ Diebold Inc. (DBD) on Tuesday reported a loss of $108.3 million in its fourth quarter.

On a per-share basis, the North Canton, Ohio-based company said it had a loss of $1.43. Earnings, adjusted for pretax expenses and non-recurring costs, came to 40 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share.

The maker of bank teller machines, security systems and other equipment posted revenue of $1.25 billion in the period, meeting Street forecasts.

For the year, the company reported that its loss widened to $233.1 million, or $3.09 per share. Revenue was reported as $4.61 billion.

Diebold expects full-year earnings in the range of $1 to $1.30 per share, with revenue in the range of $4.5 billion to $4.7 billion.

Diebold shares have dropped 11 percent since the beginning of the year. The stock has dropped 47 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBD at https://www.zacks.com/ap/DBD

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