Why Diebold Nixdorf Stock Just Crashed

·2-min read
Why Diebold Nixdorf Stock Just Crashed

Shares of Diebold Nixdorf (NYSE: DBD) fell 9.1% through 12:20 p.m. EDT today after the maker of ATMs announced Q2 2021 sales and earnings that fell well short of consensus targets. Analysts had predicted Diebold would earn $0.28 per share, pro forma, on sales of $959.2 million in Q2. Actual sales, however, grew only 6% in the quarter, while operating profit margin got cut nearly in half, to a slim 1.4%.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting