Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Diebold raises its earnings outlook
NORTH CANTON, Ohio (10/2/08)--ATM manufacturer Diebold Inc. has raised its earnings outlook for full-year 2008, according to reports filed by the company Monday with the Securities and Exchange Commission. That means Diebold will resume its normal reporting schedule beginning with the third quarter after adjustments during an internal review of its previous accounting had delayed its second-quarter reports. Current guidance indicates that earnings per share for 2008 will be $1.62-$1.52, an increase from previous guidance that indicated earnings would be $1.47-$1.37. Under non-generally accepted accounting principles, earnings for 2008 are at $2.40-$2.45, up from $2.25-$2.30. The increase in expected earnings is a result of Diebold’s cost-reduction initiatives, improved profitability from the company’s Brazilian voting and lottery businesses, continued demand for the company’s solutions in the global financial markets and a lower anticipated effective tax rate. “Our global sales environment remains solid despite the well-publicized challenges facing the financial industry in the U.S., as demonstrated by some of the recent orders we’ve announced,” said Thomas W. Swidarski, Diebold president/CEO.
Other Resources

RSS





print
News Now LiveWire
Cornerstone CU Union Foundation says it's prepared to assist #CUs & their employees affected by severe storms in Arkansas and Oklahoma.
9 hours ago
In 2014,use of remote deposit capture experienced 13% increase to 51%. But checking a balance continued to B the most common mobile activity
9 hours ago
'Fixing Your Finances' part of @PCUA's #iBelong campaign http://t.co/7j6HO1njog @fox43 @Bellco_CU @Members1stFCU
12 hours ago
Home prices outpacing income growth in 3/4 of U.S. markets @RealtyTrac http://t.co/BQR1w4k822
14 hours ago
Refinance #MarchMadness: Refis drive up mid-March mortgage apps: MBA http://t.co/rTUnlJB516
18 hours ago