CANTON, Ohio - (07/28/05) ATM maker Diebold Inc. said net incomefor its second quarter fell 24% to $33.3 million, or 47 cents ashare, compared to the same period last year. The main cause was$22 million in costs for restructuring and start-up costs for theEuropean manufacturing for the company's Opteva line of ATMs.Revenues for the second quarter grew 15% to $629.2 million. For thefirst six months of the year revenues rose 12% to $1.16 billion,while net income fell 16%, compared to last year's first half, to$61.2 million, or 85 cents a share. Second quarter highlightsinclude a $52 million contract in Brazil for electronic lotterymachines; and $131 million in Opteva orders.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
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In the inaugural iteration of American Banker's news quiz, test your knowledge on top articles covering the legal battles of the Consumer Financial Protection Bureau, new technology testing at JPMorgan Chase, earnings season and more.
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