Markets & Finance

Jefferies Cuts Diebold to Hold


Jefferies cut Diebold (DBD) to hold from buy, after the company forecast 32 cents to 37 cents third quarter earnings per share, including charges.

Analyst Yvonne Varano cited the company's significant 2005 and 2006 earnings per share estimate revisions; she's cutting her $2.60 2005 estimate to $1.92, and her $3.10 2006 estimate to $2.40. She believes growth opportunities still exist in financial self-services, particularly outside the US, but execution is not meeting her expectations. She noted that the revised view reflects limited visibility on an expanding global restructuring process, continued price pressures, slower-than-expected replacement demand from regional banks, and higher fuel costs.


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus