NCR Earnings Cheat Sheet: Raises Guidance for 2011
NCR Corporation (NASDAQ:NCR) swung to a profit in the first quarter. NCR Corporation is a global technology company provides solutions for industries including financial services, retail and hospitality, travel and gaming, healthcare and public sector, entertainment and software and technology services.
NCR Earnings Cheat Sheet for the First Quarter
Results: Swung to a profit of $13 million (6 cents/diluted share) in the quarter. The NCR Corporation had a net loss of $19 million or a loss 12 cents per share in the year earlier quarter.
Revenue: Rose 6.4% to $1.09 billion YoY.
Actual vs. Wall St. Expectations: NCR reported adjusted net income of 27 cents per share. Bu this measure, the company topped the mean analyst estimate of 23 cents/share. Estimates ranged from 21 cents per share to 25 cents per share.
Quoting Management: “Our first quarter results reflect good execution by the NCR team and give us incremental confidence to raise guidance for 2011” said Bill Nuti, chairman and chief executive officer of NCR. “Our core industries generated solid order and revenue growth driven by our global market leadership in the financial services segment, strong demand for our retail self-checkout solutions and growth in services. We secured improved results from our emerging industries segment as well, including new deployments and improving performance in entertainment. As we move through 2011, NCR is focused on continued order momentum, driving adoption of innovative new solutions across customer verticals and furthering productivity and efficiency gains to expand margins and increase cash flow.”
Competitors to Watch: Diebold Incorporated (NYSE:DBD), VeriFone Systems, Inc. (NYSE:PAY), Hypercom Corporation (NYSE:HYC), PAR Technology Corporation (NYSE:PAR), Radiant Systems, Inc. (NASDAQ:RADS), Coinstar, Inc. (NASDAQ:CSTR), Hewlett-Packard Company (NYSE:HPQ), Crane Co. (NYSE:CR), USA Technologies, Inc. (NASDAQ:USAT), and Intl. Business Machines Corp. (NYSE:IBM).
Today’s Performance: Shares of NCR are unchanged in after hours trading.