Why Diebold Nixdorf Shares Popped 29.5% Today
Shares of Diebold Nixdorf (NYSE: DBD) jumped as much as 29.5% in early trading Thursday after the company reported second-quarter 2019 results. Shares settled slightly as the day went on, but were still up 23.7% at 11:30 a.m. EDT.
Revenue rose 4% in the quarter to $1.15 billion, and operating profit was $7.3 million versus a loss of $126.6 million a year ago, which included an $83.1 million impairment charge. Using generally accepted accounting principles (GAAP), the loss per share was $0.66. But on a non-GAAP (adjusted) basis, earnings were $0.06 per share. Analysts were only expecting $1.06 billion in revenue and a $0.14 loss per share.
ATMs are one of Diebold Nixdorf's specialties. Image source: Getty Images.
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