Diebold Nixdorf Posts Mixed Q4; Guides $380 Mln

Diebold Nixdorf (DBD) is up more than 40% in Wednesday’s afternoon session after the company posted a wider-than-expected loss in Q4 and revenue that topped analysts’ forecasts. It also issued 2019 revenue guidance below Street estimates but guided 2019 adjusted EBITDA between $380 million to $420 million, straddling the Street estimate of $382 million. It also said it expects “break even” free cash flow compared to cash spend of $162.6 million in 2018.

The company, which makes point-of-sales terminals, posted an adjusted loss of $0.08 per share, compared with earnings per share of $0.39 in the prior year. Analysts polled by Capital IQ were expecting breakeven earnings.

Revenue was $1.29 billion, up from $1.25 billion in the same quarter last year. The Street view was for revenue of $1.22 billion.

The company expects fiscal 2019 revenue of $4.4 billion to $4.5 billion. The Street view is for revenue of $4.56 billion.