Diebold Defers Revenue

Diebold ( DBD) said in a filing with the Securities and Exchange Commission that it has deferred $7 million in fourth quarter 2005 election systems revenue and $4.2 million in net income.

The company's management had previously estimated that between $2 million to $10 million in election systems revenue might need to be deferred until future periods.

The company said that it will recognize this deferred revenue and associated net income between 2007 and 2010.

These adjustments have reduced the Diebold's previously announced fourth-quarter 2005 earnings by 6 cents a share, but will not impact the company's 2006 full-year revenue and earnings.

This story was created through a joint venture between TheStreet.com and IRIS.

More from Stocks

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Why Millennials Are Ditching Stocks for ETFs

Why Millennials Are Ditching Stocks for ETFs

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says

Trump's 'Space Force' Could Launch a $1 Trillion Industry, Morgan Stanley Says