NCR Q1 Adj. Profit Tops View; Backs FY14 Earnings Outlook - Quick Facts

(RTTNews) - Technology and services company NCR Corp. (NCR) Tuesday reported first-quarter net income attributable to the company of $53 million or $0.31 per share, compared to $61 million or $0.36 per share last year.

Non-GAAP earnings in the latest first quarter were $0.50 per share, down from $0.54 per share in the prior year period. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $1.52 billion, up 8% from $1.41 billion in the prior year, while five analysts expected revenues of $1.51 billion.

Looking ahead to the fiscal year 2014, NCR continues to expect earnings of $2.36 to $2.46 per share and adjusted earnings of $3.00 to $3.10 per share. Analysts expect earnings of $3.05 per share.

The company updated its revenue growth guidance from 12-14% to 10-12%. Analysts expect sales growth of $11.90%.