Shares of Diebold Nixdorf Inc. tumbled 5.77% in pre-market trading on Wednesday after the banking and retail technology provider reported weaker-than-expected results for the third quarter of 2024.

For the quarter ended September 30, Diebold Nixdorf posted adjusted earnings of $0.53 per share on revenue of $927.1 million. This fell short of analysts' estimates, which called for adjusted EPS of $1.14 on sales of $929.48 million.

The earnings miss appears to have caught investors off guard, sparking the pre-market selloff in Diebold Nixdorf's stock. However, the company maintained an upbeat outlook for the full year, saying it expects to achieve the high end of its previously issued adjusted EBITDA guidance for 2024. This could help limit further downside for the shares.