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Diebold Nixdorf Q3 Loss Widens; Now Sees Wider Loss In 2018

Diebold Nixdorf Inc. (DBD) reported that its third-quarter net loss attributable to the company widened to $212.6 million or $2.79 per share from $36.0 million or $0.48 per share last year.

The latest-quarter result included a non-cash goodwill impairment of $1.44 and a $0.61 charge relating to the deemed repatriation transition tax, or $(0.61) on a non-GAAP basis.

Total net sales were $1.119 billion, compared to $1.123 billion last year, while it was up 2.0% in constant currency.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share and revenues of $1.1 billion. Analysts' estimates typically exclude special items.

The company now expects net loss for 2018 to be in the range of $470 million - $520 million, compared to the prior outlook of loss $325 million - $365 million.

The company still expects total revenue to be about $4.5 billion. Analysts expect annual revenues of $4.5 billion

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