NCR Corp. Profit Falls On Expenses, Yet Tops Estimates - Quick Facts

(RTTNews) - Technology and services company NCR Corp. (NCR) Tuesday reported second-quarter net income of $86 million or $0.51 per share, compared with $102 million or $0.62 per share last year. Results were hurt by increased expenses and absence of one-time gains recorded a year ago.

Excluding items, adjusted earnings for the quarter were higher at $182 million or $0.68 per share, compared with $154 million or $0.65 per share a year ago.

GAAP results for the prior-year quarter included gain from discontinued operations of $13 million.

Revenues for the quarter were higher at $1.54 billion, compared with $1.4 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.66 per share on revenues of $1.54 billion for the quarter. Analysts' estimates typically exclude special items.

Interest expense escalated to $26 million from $8 million a year ago.

Looking ahead to the fiscal year 2013, NCR continues to expect earnings of $2.08 to $2.18 per share, adjusted earnings of $2.70 to $2.80 per share, and revenue growth of 9% to 11% on a constant currency basis. Analysts expect earnings of $2.75 per share on revenue growth of 10.40%.