Why Diebold Nixdorf Stock Just Dropped 18%
Shares of Diebold Nixdorf (NYSE: DBD) stock plunged in early trading Tuesday, falling 17.8% through 11:45 a.m. EST after the company "missed" on its Q4 earnings report this morning.
Analysts had predicted that the ATM maker would earn $0.50 per share in adjusted profits on sales of $1.16 billion, but Diebold whiffed on both counts. Total sales for the quarter were just $1.15 billion, and the company's pro forma profits fell short at $0.47 per share.
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Source Fool.com
