NORTH CANTON, Ohio - Diebold Inc. is delaying the release of its second quarter earnings. The earnings originally were expected to be announced July 31.
The company says the delay relates to Diebold's practice of recognizing certain revenue on a "bill and hold" basis within its North American business. In connection with questions that have come up during the ongoing formal investigation by the Securities and Exchange Commission, Diebold has decided to proactively seek guidance from the SEC.
Diebold says it expects to issue its 2Q earnings results as soon as possible following a response from the SEC.
Diebold says it also may delay filing of its quarterly report, depending on the timing of the response. The regular deadline for that filing is Aug. 9.
