Diebold Inc. announced April 27 that its income dropped 90% to $2.5 million in the first quarter from a year earlier.
The North Canton, Ohio-based automated teller machine maker says its revenue decreased 0.8% to $614.2 million.
These declines compound weak earnings from the prior quarter. Diebold had earlier blamed challenges in its Europe, Middle East and Africa business for its weak earnings.
“The results we’re reporting today slightly exceeded our internal expectations for the first quarter, despite heavy losses in Europe and a higher tax rate,” Thomas W. Swidarski, Diebold’s president and chief executive, said in a press release. “I am encouraged by significant strengthening of orders in the U.S. regional bank space during the quarter, as the North America financial self-service market continues to rebound.”
What do you think about this? Send us your feedback.
