Before the bell on Tuesday, ATM maker Diebold Incorporated (DBD) reported a fourth-quarter loss due to lower revenue and expenses related to early buyouts of certain pension participants. Adjusted earnings missed the Wall Street view.
The North Canton, Ohio-based company posted a loss of $10.65 million, or 17 cent per share, in the fourth quarter. In the same quarter a year ago, the company reported a profit of $79.76 million, or $1.26 per share. On an adjusted basis, the company reported earnings of 45 cents per share.
Net sales for the quarter dipped to $840.1 million from $849.99 million a year ago.
According to analysts polled by Thomson Reuters, the company was expected to earn 48 cents per share on revenue of $845.61 million.
Diebold shares were down 84 cents, or -2.79%, during pre-market trading on Tuesday. The stock is down about -13% over the past year.
The Bottom Line
Shares of Diebold Incorporated (DBD) have a dividend yield of 3.82% based on last night’s closing price of $30.09 and the company’s annualized dividend payout of $1.15 per share.
Diebold Incorporated (DBD) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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