Why Diebold Nixdorf Stock Just Dropped 26%
Investors withdrew from Diebold Nixdorf (NYSE: DBD) stock Tuesday morning after the ATM manufacturer reported a big earnings miss for its fiscal third quarter 2019.
Although Diebold's Q3 sales of $1.1 billion met analyst projections, the company reported a big per-share loss of $0.06 for the quarter, pro forma -- the opposite of the per-share profit of $0.24 that Wall Street had told investors to expect.
Diebold Nixdorf shares are selling off in a big way in response -- down 25.8% as of 11 a.m. EDT.
Source Fool.com
