Tuesday, Diebold Inc. (DBD) said its third-quarter net loss attributable to the company was $7.15 or $0.11 per share compared with a profit of $46.51 million or $0.70 per share in the prior year period.
Non-GAAP earnings per share for the quarter declined to $0.39 from $1.18 in the year-ago period. On average,7 analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter.
Net sales for the quarter dipped to $645.22 million from $869.08 million in the comparable period. Five analysts estimated revenues of $737.50 million for the quarter.
For fiscal 2009, the company now expects GAAP earnings per share to be in the range of $1.34 - $1.39 compared with its prior range of $1.34 - $1.52. Non-GAAP earnings per share for the year are now projected to be between $1.75 and $1.80 compared with its previous range of $1.70 - $1.90. Full-year total revenues are currently anticipated to decline 13% - 9% versus its earlier range of 13% - 7% decline. Eight analysts estimate earnings of $1.80 per share for the year.
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