* Q1 adj. EPS $0.34 vs est $0.30
* Q1 rev falls 6 pct to $619 mln; misses est $638.7
* Reaffirms FY 2010 rev and EPS outlook
April 26 Automated teller machine maker Diebold
Inc (DBD.N) posted quarterly results that beat estimates helped
by a strong services segment and gross margin improvement and
reaffirmed its full-year 2010 outlook.
The company said it continues to expect adjusted earnings
of $1.90 to $2.15 per share and expects revenue to grow 4
percent to 9 percent.
The implied revenue forecast of $2,827.0 million to $2962.9
million, is largely above analysts' expectations of earnings of
$2 per share on revenue of $2,844.4 million, according to
Thomson Reuters I/B/E/S.
For the first quarter the company posted net income of
$23.9 million, or 36 cents per share, compared with $1.6
million or 2 cents per share, last year.
Excluding items, the company earned 34 cents a share.
Total revenue fell 6 percent to $619 million.
Analysts, on average, were looking for earnings of 30 cents
a share on revenue of $638.7 million, according to Thomson
Services revenue rose 3 percent to $267.8 million.
Gross margin rose 2.3 percentage points from last year to
25.5 percent, helped by improvements in service operations,
Shares of the North Canton, Ohio-based company, which have
risen 36 percent in the last one year, closed at $34.21 Monday
on the New York Stock exchange.
(Reporting by Saqib Iqbal Ahmed in Bangalore; Editing by