NCR Corporation (NCR) Releases Earnings Results, Beats Expectations By $0.05 EPS

NCR Corporation (NCR) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $0.38 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.33. The company posted revenue of $1444.00 million in the period, compared to analysts expectations of $1462.50 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on NCR Corporation. Company shares were Reiterated by RBC Capital Mkts on Mar 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 30 from a previous price target of $25 .Shares were Reiterated by RBC Capital Mkts on Feb 10, 2016 to “Outperform” and Lowered the Price Target to $ 25 from a previous price target of $31 .Shares were Reiterated by Wedbush on Feb 4, 2016 to “Neutral” and Lowered the Price Target to $ 20 from a previous price target of $22 .

NCR Corporation opened for trading at $30.68 and hit $31.4 on the upside on Friday, eventually ending the session at $31.32, with a gain of 1.69% or 0.52 points. The heightened volatility saw the trading volume jump to 8,70,981 shares. Company has a market cap of $4,169 M.

In a different news, on Feb 23, 2016, Andrea Ledford (SVP Corp Svs, Chief HR Officer) sold 10,182 shares at $22.32 per share price. According to the SEC, on Apr 23, 2015, Andrew S Heyman (SVP & Pres, Fin Svs Div) sold 16,835 shares at $29.86 per share price. On Mar 6, 2015, Robert P Fishman (Senior Vice President, CFO) sold 0 shares at $28.99 per share price, according to the Form-4 filing with the securities and exchange commission.

NCR Corporation (NCR) is a global technology company that provides products and services that enable businesses to connect interact and transact with their customers. It operates in four business segments which include Financial Services Retail Solutions Hospitality and Emerging Industries. NCR offers financial services such as a line of ATM and payment processing hardware and software; cash management and video banking software and digital banking services and related installation maintenance and managed and professional services. NCR offers technology solutions to customers in the hospitality industry. The Company offers maintenance as well as managed and professional services for third-party computer hardware provided to select manufacturers. The Company offers solutions to customers in the retail industry.

NCR Corporation

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