Diebold on Tuesday reported a loss for its fourth quarter while it made money for the full year.
The Green maker of automated teller machines and security systems said it lost $10.65 million, or 17 cents per share, on revenue of $840.1 million for the fourth quarter. A year ago, Diebold showed a profit of $79.8 million, or $1.26 a share, on revenue of nearly $850 million.
When accounting for one-time items, Diebold showed income from continuing operations of 45 cents per share in the fourth quarter, down from a comparable $1.40 per share for the fourth quarter of 2011.
For the full year, Diebold reported net income of $78.45 million, or $1.23 a share, on revenue of $2.99 billion. Net income was down 45.8 percent from $144.82 million, or $2.24 per share, a year ago, when Diebold had revenue of $2.84 billion.
The company said it expects flat revenue for 2013 and also anticipates that earnings will be down “moderately” from 2012. The company said it is not providing earnings guidance for 2013; it did say that it expects the current first quarter to be weak with results to be “well below” the first quarter of 2012.
Shares of Diebold fell 2 cents to $30.07. Shares are down 10.5 percent from a year ago.
Jim Mackinnon can be reached at 330-996-3544.
