NCR's Third-Quarter Results to Exceed Expectations
Tuesday October 12, 9:00 am ET
7 Percent Revenue Growth Leverages Success of Cost and Expense Initiatives
DAYTON, Ohio--(BUSINESS WIRE)--Oct. 12, 2004--NCR Corporation (NYSE:NCR - News) today announced that it will report strong third-quarter results as higher-than-anticipated revenue leveraged the company's continuing initiatives to improve operational efficiency.
NCR now expects third-quarter revenue of approximately $1.44 billion to $1.45 billion, an increase of approximately 7 percent from the third quarter of 2003, and earnings per share of $0.40 or more, at least doubling earnings of $0.19 per share in the year-ago period. According to First Call, the mean estimate among Wall Street analysts for the third quarter is $0.20 per share. NCR's third-quarter revenue growth is expected to include 3 percentage points from foreign currency fluctuations.
NCR's better-than-expected third-quarter results were, in part, driven by strong performance in the company's Teradata Data Warehousing and Financial Self Service businesses.
Including gains and charges related to real estate transactions expected in the fourth quarter of 2004, and items included in the company's results earlier in the year, full-year earnings per share reported in accordance with GAAP are expected to be in the $2.40 to $2.45 range. Excluding the net benefit of these items, NCR is increasing its expectations for full-year 2004 earnings-per-share to $1.40 - $1.45.
biz.yahoo.com
Evidently a continuation of the rev and profit growth trend started last quarter.
Kind regards,
Rink |
