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.

Interested in more info on Diebold? Add it to your watchlist byclicking here.

At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. The Motley Fool has adisclosure policy. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.

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