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Diebold lowers FY'16 EPS guidance

DieboldInc. has updated itsoutlook for full year 2016.

Diebold expects GAAP EPS of about 70 cents to 95 cents, downfrom previous guidance of $1.15 to $1.35. Non-GAAP EPS is expected to be about$1.45 to $1.60, compared with previous guidance of $1.55 to $1.70.

The company expects revenue for 2016 to be flat to down 2%,compared with the previous guidance of "relatively flat." AdjustedEBITDA is expected to be $220 million to $235 million.