Diebold Nixdorf (NYSE: DBD) shares are soaring 5.20% in pre-market trading following the release of its impressive third-quarter financial results and the announcement of a new share repurchase program. The company, which specializes in banking and retail technology solutions, reported better-than-expected earnings and revenue for the quarter, boosting investor confidence.
For the third quarter, Diebold Nixdorf posted adjusted earnings per share of $1.39, more than doubling from $0.53 in the same period last year and significantly beating analyst estimates of $0.93. Revenue for the quarter came in at $945.2 million, up 2% year-over-year and surpassing the FactSet consensus estimate of $934.5 million. The company's strong performance was particularly evident in its retail segment, which saw an 8% growth in revenue and a 40% increase in order entry compared to the previous year.
Adding to the positive sentiment, Diebold Nixdorf's board of directors authorized a new $200 million share repurchase program, signaling confidence in the company's financial health and future prospects. The company also reaffirmed its 2025 full-year outlook, trending toward the higher end of its ranges, with expectations of flat to low single-digit total revenue growth. Furthermore, Diebold Nixdorf reported its fourth consecutive quarter of positive free cash flow, demonstrating improved operational efficiency. With these encouraging results and a clear line of sight to a strong fourth quarter, investors are showing renewed optimism in the company's growth trajectory.
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