Diebold dips on weak guidance

|About: Diebold Inc. (DBD)|By:, SA News Editor

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)