NORTH CANTON, Ohio – Shares of Diebold yesterday rose 8% to a 52-week high after the company reported its net income rose to $41.2 million for the first quarter, from just $2.5 million for the same period last year.
The first quarter surge was fueled by a 14% rise in revenues, to $698.5 million, as credit unions and banks rushed to install and retrofit ATMs ahead of a March deadline to meet the Americans With Disabilities Act.
Diebold shares closed up 6% yesterday at $40.61.
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