Why Diebold Nixdorf Stock Just Crashed 14%
Shares of Diebold Nixdorf (NYSE: DBD) fell 14% through 10:50 a.m. EDT after the maker of ATMs and "intelligent deposit terminals" announced even worse results for the third quarter of 2021 than it had warned investors about three months ago.
Despite Diebold's second-quarter warning, analysts optimistically forecast the company would still rack up more than $1 billion in sales in Q3, and earn $0.51 per share in (admittedly pro forma) profit. Instead, Diebold reported this morning that its Q3 sales were just $958.2 million, and its earnings only $0.34 per share.
Image source: Getty Images.
Source Fool.com
