Diebold Inc.'s fourth-quarter earnings rose 6% from a year earlier, to $62.8 million.
Earnings per share rose 7.4%, to 87 cents, the North Canton, Ohio, automated teller machine manufacturer said Wednesday. The earnings per share, 2 cents shy of the average analyst estimate, was at the low end of Diebold's previously issued guidance. (The high end was 92 cents.)
Revenue increased 10.6%, to $717.2 million.
Walden W. O'Dell, Diebold's chief executive, said in a press release that it faces pricing pressure and expects to take restructuring charges of about 8 to 11 cents a share this year.
Diebold was disappointed with its margins in Western Europe, where Opteva, its top-of-the-line ATM, "has not yet fully completed customer certifications," Mr. O'Dell said.
