Diebold Nixdorf: 4Q Earnings Snapshot
NORTH CANTON, Ohio (AP) _ Diebold Nixdorf, Incorporated (DBD) on Wednesday reported a loss of $123.6 million in its fourth quarter.
On a per-share basis, the North Canton, Ohio-based company said it had a loss of $1.62. Losses, adjusted for one-time gains and costs, came to 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The maker of bank teller machines, security systems and other equipment posted revenue of $1.29 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported that its loss widened to $568.7 million, or $7.48 per share. Revenue was reported as $4.58 billion.
Diebold Nixdorf expects full-year revenue in the range of $4.4 billion to $4.5 billion.
Diebold Nixdorf shares have more than doubled since the beginning of the year. The stock has decreased 64 percent in the last 12 months.