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NCR releases Q3 earnings, profits top $57 million

October 19, 2012

NCR's third-quarter earnings soared as the company reported continued growth at its financial services and hospitality segments.

Shares of NCR rose 4 percent to $23.05 in after-hour trading as adjusted earnings topped expectations. Through the close, the stock is up 35 percent this year, according to marketwatch.com. Sales in its hospitality segment climbed to $129 million from $36 million.

NCR reported a profit of $57 million, or 35 cents a share, up from $16 million, or 10 cents a share, a year earlier. Revenue increased 5.5 percent to $1.44 billion, according to Market Watch.

On Thursday, NCR reported that core financial services segment, which includes its ATM operations, saw revenue growth of 3 percent to $791 million, though the pace of growth slowed from the past two quarters.

The company has a growing software business and has been aiming for a stronger presence in emerging markets, such as Brazil. NCR also has benefited as U.S. regional banks have upgraded their ATMs.

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