NORTH CANTON, Ohio - Diebold Inc., which makes
automated teller machines and security and voting equipment,
reported second-quarter earnings Wednesday of $41.3 million.
The North Canton company cited strong demand for security
products for the 3.8 percent increase over the year-ago quarter.
That's when Diebold earned $39.8 million on sales of $483.5
million.
Sales in the second quarter ended June 30 were $480.9, down half
a percent from last year. Operating costs also fell, though,
accounting for the increased earnings.
The earnings met expectations of analysts surveyed on Thomson
First Call.
Chief executive officer Walden W. O'Dell said in a statement that
growth in voting machine and ATM sales as well as the high security
demand pushed the company to raise earning guidance for the rest of
the fiscal year.
Diebold raised its earnings per share forecast to between $2.35
and $2.45. It had been between $2.32 and $2.42.
For the third quarter, earnings per share are expected to be
between 62 cents and 67 cents on revenue between $490.5 million and
$504 million.
Diebold shares closed Wednesday up $1.01 to $44.25 on the New
York Stock Exchange.
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