Why Diebold Popped
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What: Shares of Diebold (NYS: DBD) have popped by upwards of 12% after the company reported earnings this morning.
So what: Revenue in the first quarter rose 14% to $698.5 million, while adjusted earnings per share soared to $0.74. CEO Thomas Swidarski said that strength from the fourth quarter continued into the new year, leading to a record first quarter report.
Now what: He noted that North American performance was particularly strong as demand for Diebold's deposit automation and integrated services continue to rise. The company also boosted full-year guidance as well. Full-year, adjusted earnings per share are expected between $2.50 and $2.70, up from the previous range of $2.30-$2.50.
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