Earnings roundup: Diebold, Oshkosh

Earnings roundup: Diebold posts 1Q loss; Oshkosh's 2Q net income more than doubles

Associated Press

Among the earnings stories for Tuesday, April 30, from AP Business News:

— Diebold Inc.'s shares sank after the maker of bank teller machines, security systems and other equipment reported a first quarter loss and said it is cutting 700 jobs as part of a broader cost-cutting move.

— Oshkosh Corp., which makes trucks and equipment for a range of industries, said that its fiscal second-quarter net income more than doubled, as the company raised prices and cut costs to offset a decline in defense spending.

— MeadWestvaco Corp. said restructuring charges dragged first-quarter profits down more than 77 percent at the packaging company, despite rising sales.

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