NORTH CANTON, Ohio - ATM maker Diebold Inc. said Tuesday it will defer to future years some election systems revenue and earnings anticipated in service contracts.
The adjustment reduced previously announced fourth quarter and full-year 2005 earnings per share by 6 cents per share.
The company, whose subsidiaries include voting-machine maker Diebold Election Systems, said it became aware just before release of its fourth quarter and full year 2005 result, of a possible adjustment related to some election systems revenue in the fourth quarter.
Contracts in a number of areas are likely to result in revenue posted later than expected, the parent company said.
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