Diebold reports 4Q loss

NORTH CANTON, Ohio (AP) _ Diebold Inc. (DBD) on Tuesday reported a fourth-quarter loss of $77.8 million, after reporting a profit in the same period a year earlier.

The North Canton, Ohio-based company said it had a loss of $1.04 per share. Earnings, adjusted for non-recurring costs and restructuring costs, came to 32 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The maker of bank teller machines, security systems and other equipment posted revenue of $1.24 billion in the period.

For the year, the company reported a loss of $33 million, or 48 cents per share, swinging to a loss in the period. Revenue was reported as $3.32 billion.

Diebold expects full-year earnings in the range of $1.40 to $1.70 per share, with revenue in the range of $5 billion to $5.1 billion.

Diebold shares have climbed 8 percent since the beginning of the year. The stock has risen 18 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


Keywords: Diebold, Earnings Report