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NCR: 3Q Earnings Snapshot

·1 min read

ATLANTA (AP) _ NCR Corp. (NCR) on Tuesday reported third-quarter net income of $25 million.

The Atlanta-based company said it had net income of 19 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were 54 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The maker of ATMs and other hardware and software to handle payments posted revenue of $1.59 billion in the period.

NCR shares have decreased 38% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.95, a drop of 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCR at https://www.zacks.com/ap/NCR