News

NCR says it will beat Q2 earnings estimates

July 21, 2004

DAYTON, Ohio - NCR Corp. said it expects its second-quarter results to exceed expectations by 15 cents a share due to strong sales in its Teradata Data Warehousing and Financial Self Service divisions and gains in efficiency.

Its shares reached a three-year high in July 19 trading on the news. Shares closed at $51.81, up $4.79, or 10 percent.

NCR anticipates earnings of more than 35 cents a share on revenue of about $1.44 billion to $1.45 billion. In April, it forecast second-quarter earnings of 15 cents a share to 20 cents a share.

Analysts expected earnings of 18 cents a share on revenue of $1.4 billion, according to Thomson First Call.

Second-quarter revenue growth included 3 percentage points from foreign currency fluctuations. NCR said quarterly results also will include a benefit of about $85 million related to the resolution of a tax matter and $2 million in income from an acquisition breakup fee.

Including the one-time items, earnings per share are expected to exceed $1.25.

NCR will report second-quarter results on July 29.