U.S. Markets open in 4 hrs 5 mins

Diebold Nixdorf: 1Q Earnings Snapshot

NORTH CANTON, Ohio (AP) _ Diebold Nixdorf, Incorporated (DBD) on Tuesday reported a loss of $132.7 million in its first quarter.

The North Canton, Ohio-based company said it had a loss of $1.74 per share. Losses, adjusted for one-time gains and costs, came to 63 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.

The maker of bank teller machines, security systems and other equipment posted revenue of $1.03 billion in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $1.04 billion.

Diebold Nixdorf expects full-year revenue in the range of $4.4 billion to $4.5 billion.

Diebold Nixdorf shares have more than quadrupled since the beginning of the year. The stock has declined 23% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DBD at https://www.zacks.com/ap/DBD