News

NCR expects to beat analysts' estimates for '03's 4Q

January 14, 2004

DAYTON, Ohio - NCR Corporation (NYSE:NCR) says that higher-than-expected Financial Self Service and Data Warehousing revenues and greater-than-expected benefit from foreign currency fluctuations led to total company revenue of $1.62 billion to $1.64 billion for the quarter ended Dec. 31, 2003.

According to a news release, this equates to 3 percent to 4 percent revenue growth from 2002's fourth quarter -- including 6 percentage points of favorable currency impact versus the 3 to 4 percentage points anticipated.

NCR anticipates net income for the fourth quarter of approximately 80 cents per diluted share. This beats First Call's mean estimate among Wall Street analysts of 59 cents per share. Net income in 2002's fourth quarter was 57 cents per share.

The company also says that it anticipates 2004 earnings per share of 85 cents to 95 cents per share, assuming 98 million fully diluted shares outstanding. According to First Call, the current mean estimate among Wall Street analysts for 2004 is 87 cents per share.

According to the release, earnings for 2004 are expected to reflect continued improvements in business-unit performance and operating efficiency, as well as $140 million of pension expense versus the $105 million of pension expense experienced in 2003.

NCR will release its finalized fourth-quarter results on Jan. 27 during a 10 a.m. Eastern Time conference call. Live access to the call, as well as a replay, will be available via NCR's Web site.