NCR Earnings: Margins Expand For Fifth Straight Quarter, Net Income Rises
NCR Corporation (NYSE:NCR) reported its results for the third quarter. NCR is a global technology company that provides solutions for industries including financial services, retail and hospitality, travel and gaming, healthcare and public sector, entertainment and software and technology services.
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NCR Corporation Earnings Cheat Sheet
Results: Net income for NCR Corporation rose to $57 million (35 cents per share) vs. $16 million (10 cents per share) in the same quarter a year earlier. This is a more than threefold rise from the year-earlier quarter.
Revenue: Rose 5.5% to $1.44 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: NCR Corporation fell short of the mean analyst estimate of 61 cents per share. It fell short of the average revenue estimate of $1.47 billion.
The company fell short of estimates last quarter after beating the mark the quarter before with net income of 65 cents versus a mean estimate of net income of 59 cents per share.
Looking Forward: Expectations for the company’s next-quarter results are lower than they have been. Over the past sixty days, the average estimate for fourth quarter has fallen from 79 cents per share to 77 cents. The average estimate for the fiscal year is now $2.46 per share, down from $2.48 sixty days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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