NCR: 4Q Earnings Snapshot
ATLANTA (AP) _ NCR Corp. (NCR) on Thursday reported a loss of $47 million in its fourth quarter.
The Atlanta-based company said it had a loss of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 84 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The maker of ATMs and other hardware and software to handle payments posted revenue of $1.8 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.79 billion.
For the year, the company reported a loss of $88 million, or $1.16 per share, swinging to a loss in the period. Revenue was reported as $6.41 billion.
NCR expects full-year earnings in the range of $2.75 to $2.85 per share.
NCR shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.44, a drop of 20 percent in the last 12 months.