Wednesday, Diebold Inc. (DBD) said its fourth-quarter net income attributable to Diebold, Inc. surged to $16.68 million or $0.25 per share from $1.05 million or $0.01 per share in the prior year period.
Income from continuing operations for the quarter dipped to $9.98 million or $0.12 per share from $19.07 million or $0.26 per share in the year-ago period.
Non-GAAP earnings per share for the quarter were $0.29 compared with $0.43 in the earlier year period.
Total net sales for the quarter declined to $724.92 million from $791.14 million in the comparable period.
Also, the company added that it will eliminate around 350 full-time jobs from its North America operations and corporate functions.
For fiscal 2010, the company now expects GAAP earnings per share to be in the range of $1.87 - $2.10 and non-GAAP earnings per share in the range $1.90 - $2.15. The company currently projects total revenue growth in range of 4% - 9%.
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