Diebold Nixdorf: 2Q Earnings Snapshot
NORTH CANTON, Ohio (AP) _ Diebold Nixdorf, Incorporated (DBD) on Wednesday reported a loss of $138.5 million in its second quarter.
On a per-share basis, the North Canton, Ohio-based company said it had a loss of $1.82. Losses, adjusted for asset impairment costs and non-recurring costs, were 21 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of bank teller machines, security systems and other equipment posted revenue of $1.11 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.1 billion.
Diebold Nixdorf expects full-year revenue of $4.5 billion.
Diebold Nixdorf shares have dropped 31 percent since the beginning of the year. The stock has fallen 51 percent in the last 12 months.