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NCR: 3Q Earnings Snapshot

ATLANTA (AP) _ NCR Corp. (NCR) on Thursday reported third-quarter net income of $11 million.

The Atlanta-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 73 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The maker of ATMs and other hardware and software to handle payments posted revenue of $1.78 billion in the period.

NCR expects full-year earnings in the range of $2.75 to $2.85 per share.

NCR shares have increased 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.02, a climb of slightly more than 7% in the last 12 months.


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