Why Diebold Nixdorf Shares Popped 35% Today
Shares of connected banking company Diebold Nixdorf (NYSE: DBD) jumped as much as 35.4% in early trading Thursday after management announced guidance for 2020 and 2021. At 3:20 p.m. EST, shares were still up 22.9% for the day and holding steady.
Management said that revenue for 2019 would be $4.4 billion with free cash flow of $70 million to $100 million, as it has previously guided. But in 2020, it expects $4.2 billion to $4.3 billion in revenue, including about $100 million lost from divestitures, and free cash flow of $100 million to $130 million.
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Source Fool.com
