News

NCR announces second-quarter results

July 21, 2011

According to Reuters, NCR Corp. posted its Q2 results yesterday above Wall Street estimates. The company expects earnings of $1.73-$1.80 per share, on sales growth of six to eight percent for the full year. Analysts expected full-year earnings of $1.75 per share.

Second-quarter income from continuing operations was $35 million, or 22 cents per share, compared with $20 million, or 12 cents per share, a year ago.

Excluding items, the company earned 46 cents a share. Analysts expected earnings of 42 cents a share, on sales of $1.25 billion.

Revenue rose 12 percent to $1.31 billion. Financial services unit revenue, the largest contributor to total sales, rose 15 percent. 

Shares were trading up 4.4 percent in after market trade and closed at $19.40 yesterday on the New York Stock Exchange.