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Diebold Q1 Profit Rises; Lifts FY12 Outlook - Quick Facts

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Diebold Inc. (DBD: Quote) reported that its first-quarter net income attributable to the company was $45.2 million, or $0.71 per share, up from $2.5 million, or $0.04 per share in the year ago quarter.

Non-GAAP income from continuing operations attributable to the company, net of tax, in the first quarter 2012 was $0.74 per share, compared with $0.23 per share from the first quarter 2011.

Revenue for the quarter was $698.49 million, up 13.7% from $614.16 million in the first quarter 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share on revenues of $648.73 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead for fiscal 2012, the company now expects GAAP earnings to be in the range of $2.38 - $2.61 per share, compared to prior outlook of $2.18 - $2.41 per share.

The company raised its fiscal 2012 non-GAAP earnings outlook to a range of $2.50 - $2.70 per share, from the prior outlook of $2.30 - $2.50 per share.

The company now expects total revenue growth of 7% to 10%. Previously, the company expected total revenue growth of 3% to 6%.

Analysts expect the company to report earnings of $2.44 per share on revenues of $2.97 billion for fiscal 2012.

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by RTT Staff Writer

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