Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of ATM maker Diebold
So what: Adjusted earnings per share of $0.73 easily passed the $0.53 analysts expected despite revenue coming in below expectations. Analysts had expected $802.7 million in revenue, but the company only reached $791 million, a 9% increase from last year.
Now what: If you strip out adjustments, the numbers don't look quite as good with a loss of $119.9 million, or $1.83 per share, since the company spent on restructuring. Struggles in Europe are weighing on results, and the company is planning to spend more time focusing on core markets in the future. Improving results last quarter are encouraging, but spending on restructuring will keep me on the sidelines today.
Interested in more info on Diebold? Add it to your watchlist.
