Shares of Diebold were rallying Thursday after the company reported Q2 adjusted EPS that was well above expectations compiled by Capital IQ on lower revenues that missed forecasts. The company also reiterated its FY16 guidance.
Q2 adjusted EPS was $0.43 per share, up from $0.38 per share a year earlier and handily above the $0.20 per share consensus.Revenues fell 10% year-over-year to $580 million and fell short of expectations for $594.0 million.
For FY16, the company continues to expect EPS of $1.45 to $1.60 a share, straddling the $1.51 per share consensus, on revenues flat to down 2% year-over-year. Diebold also said the previously announced acquisition of Wincor Nixdorf is expected to close this summer.
