Diebold Nixdorf Saw Major Losses in Q2; Stock Not Taking it Well

Diebold Nixdorf earnings report

The Diebold Nixdorf earnings report came out today, and it was a mixed bag. While the machine and equipment manufacturer beat some revenue forecasts, Diebold Nixdorf saw significant losses in its second quarter.

Diebold Nixdorf Earnings Report

As I said, the Q2 earnings report was a mixed bag. However, based on the direction the stock has taken today, you wouldn’t think so; you’d think everything was bad. And why? Because the stock is down more than 30%.

But first, the earnings report.

Important Numbers to Know

  • In its Q2, Diebold reported a loss of nearly $140M. Specifically, a loss of $138.5M.
  • Q2 Revenue: $1.11B (compared to three analysts’ forecasts of $1.1B)
  • On a per-share basis, Diebold had a loss of $1.82.
  • Adjusted losses were 21 cents per share.
  • Full-year revenue forecast: $4.5B

The Diebold Nixdorf Stock (NYSE:DBD)

At press time, Diebold Nixdorf is trading at $7.15, which puts the DBD stock down 37%. For perspective, the stock opened the day at $8.00 and previously closed at $11.35.

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This is down more than Facebook’s stock last week when it reported its own disappointing earnings report. The FB stock dropped nearly 20% on the news.

Diebold Nixdorf is a small cap company. It has a market cap of $543.1 million.

The Company

For those who don’t know, Diebold Nixdorf is based in North Canton, Ohio. Not only does it manufacture bank tellers, but it also provides software services, connecting people around the globe.

Currently, Diebold Nixdorf has two revenue streams. First, its financial self-service. Second, Diebold’s security solutions.

Last month, the Ohio-based company teamed up with Mastercard. Both companies are said to be developing an industry-defining solution for the retail sector as well as the banking sector.

The Takeaway

How did you react when you read about the Q2 losses in the Diebold Nixdorf earnings report? It’s unfortunate, but at least there’s a silver lining: revenue surpassed some expectations.

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