Diebold ( DBD), a maker of automated teller machines and other business equipment, said Tuesday that its second-quarter earnings fell 46.3% from the year-ago period, hurt by restructuring charges. The company earned $17.2 million, or 26 cents a share, in the quarter, compared with $32 million, or 45 cents a share, a year ago. Adjusted for restructuring charges of 10 cents a share, earnings were 36 cents a share. Analysts polled by Thomson first Call were expecting earnings of 35 cents a share. Second-quarter revenue rose 17.4% from a year ago to $726.4 million as against analysts' expectation of $654.8 million. The company expects to earn $1.11 a share to $1.21 a share, including stock option expense of 6 cents a share and restructuring charges of 57 cents a share to 62 cents a share, on revenue growth of 4% to 7% over 2005 revenue of $2.59 billion. Analysts expect earnings of $1.77 a share on revenue of $2.71 billion for the full year. ''We have been evaluating our global operational structure in an effort to reduce our long-term corporate effective tax rate. We are taking steps in this area, which could result in a positive impact as early as this year," the company said. Second-quarter gross profit rose 10.9% from a year ago to $174.4 million. However, gross margin declined 140 basis points to 24%. Operating profit for the quarter fell 29.8% from a year ago to $37.5 million and operating margin dropped 346 basis points to 5.2%. The North Canton, Ohio-based company said that the second-quarter total orders for financial self-service and security products and services declined in the low single-digit range and financial self-service orders dropped in the high single-digit range, hurt by a double-digit decline in the Americas. Security orders increased in the low double-digit range. During the second quarter, Diebold repurchased about 1.9 million shares of its common stock. The company has 1.3 million shares remaining under its existing board authorization. Shares rose 57 cents, or 1.5%, to $39.23 Tuesday.