NORTH CANTON, Ohio (AP) _ Diebold Inc. (DBD) on Thursday reported fourth-quarter profit of $35.7 million.
On a per-share basis, the North Canton, Ohio-based company said it had net income of 54 cents. Earnings, adjusted for one-time gains and costs, came to 78 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The maker of bank teller machines, security systems and other equipment posted revenue of $615.4 million in the period.
For the year, the company reported profit of $76.8 million, or $1.17 per share. Revenue was reported as $2.42 billion.
Diebold expects full-year earnings in the range of $1.55 to $1.70 per share.
Diebold shares have decreased 14 percent since the beginning of the year. The stock has decreased 23 percent 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 http://www.zacks.com/ap/DBD
Keywords: Diebold, Earnings Report
Automated Insights, source Associated Press News