Seeking Alpha

Diebold dips on weak guidance

Shares of Diebold (DBD -3.5%) are lower following the company's Q2 earnings report. The results are deemed "preliminary" due to an ongoing assessment of the company's indirect tax compliance in Brazil.

New CEO Andy Mattes says the results "clearly are not in line with [DBD's] capabilities and potential."

FY13 outlook: Adjusted EPS of $1.30-1.40 against consensus of $1.83/ share. Y/Y revenue growth outlook is lowered to -5% to -7% versus previous guidance of "flat". (PR)

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Comments (1)
  • rhiannion
    , contributor
    Comments (1119) | Send Message
    Misses by a penny and over by 14 million and the analysts are hitting on this stock? Really? Why does any company go near anything concerning Brazil? Brazil the PITA of the year(s) award.
    6 Aug 2013, 12:07 PM Reply Like
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