Diebold, Incorporated (NYSE:DBD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Diebold, Incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 46.94% to $0.26 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Decreased 4.86% to $707.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Diebold, Incorporated reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.27. It beat the average revenue estimate of $684.65 million.
Quoting Management: “Clearly, the results we announced today are not in line with our capabilities and potential as a company,” said Andy W. Mattes, Diebold president and chief executive officer. “As we develop our turnaround strategy in the coming months, we will maintain a balanced approach in cutting cost while at the same time laying the foundation for future growth. Getting cost out of the company will also improve our cash position and enable us to invest in growing the top line.”
Key Stats (on next page)…