Why Diebold Nixdorf Shares Are Jumping Today
Shares of Diebold Nixdorf (NYSE: DBD) were rising today as investors reacted to the company beating analysts' consensus estimates for both earnings and revenue in the second quarter. Diebold's stock was up by as much as 12.4% during the day.
As of 4:08 p.m. EDT, the company's share price had gained 9.5%.
Diebold Nixdorf reported non-GAAP (adjusted) earnings of $0.38 in the second quarter, which crushed Wall Street's estimate of $0.01 per share. Additionally, the company's revenue of $890.5 million easily outpaced analysts' consensus estimate of $830.3 million for the quarter.
Source Fool.com
