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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


Emerging Growth

Radient Technologies Inc.

Radient Technologies Inc is engaged in research, development and commercialization of environmentally responsible technology for the extraction, isolation and purification of soluble products from a wide range of materials using…

Private Markets


Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.