Diebold Nixdorf Stock Surges 12% Following Solid Q2, Upgraded EBITDA Forecast - Details Here
Portfolio Pulse from Nabaparna Bhattacharya
Diebold Nixdorf (NYSE:DBD) shares surged 12.6% after the company reported strong Q2 results, beating analyst expectations on both earnings and revenue. The company also raised its full-year adjusted EBITDA guidance, citing strong execution and a positive outlook for the remainder of 2024.
August 07, 2024 | 4:39 pm
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Diebold Nixdorf reported strong Q2 results, beating analyst expectations on both earnings and revenue. The company also raised its full-year adjusted EBITDA guidance, leading to a 12.6% surge in its stock price.
The strong Q2 results, including a significant year-over-year increase in non-GAAP operating profit and adjusted EBITDA, along with the raised full-year guidance, are likely to positively impact investor sentiment and drive the stock price higher in the short term.
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