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NCR beats Street 4Q forecasts

DULUTH, Ga. (AP) _ NCR Corp. (NCR) on Thursday reported fourth-quarter earnings of $57 million.

On a per-share basis, the Duluth, Georgia-based company said it had profit of 35 cents. Earnings, adjusted for non-recurring costs and amortization costs, were $1.07 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.

The maker of ATMs and other hardware and software to handle payments posted revenue of $1.8 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.74 billion.

For the year, the company reported net income of $270 million, or $1.71 per share, swinging to a profit in the period. Revenue was reported as $6.54 billion.

For the current quarter ending in April, NCR expects its per-share earnings to range from 43 cents to 48 cents.

The company said it expects revenue in the range of $1.45 billion to $1.47 billion for the fiscal first quarter.

NCR expects full-year earnings in the range of $3.25 to $3.35 per share, with revenue ranging from $6.6 billion to $6.72 billion.

NCR shares have climbed nearly 9 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.18, more than doubling 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

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Keywords: NCR, Earnings Report