Diebold Posts Fourth Quarter Loss
NORTH CANTON, Ohio – ATM maker Diebold on Monday said it posted a $120 million loss in the fourth quarter as the impact of improved revenue was offset by restructuring and other charges.
The company’s fourth quarter loss compared with net income of $1.1 million for the same period a year earlier.
Revenue rose 9% to $791 million, driven by growth in Latin America and Asia, which offset weakness in Europe.
For the full year, Diebold reported a 4% rise in revenues, to $2.82 million, and a $20.3 million loss.