NCR third-quarter profit triples
NCR Corp. said on Thursday that its third-quarter net income more than tripled as it benefited from acquisitions and strength across most of its businesses.
The company, which makes ATMs, self-service checkout machines and airport check-in kiosks said it earned $57 million, or 35 cents per share, for the quarter that ended Sept. 30. That was up from a profit of $16 million, or 10 cents per share, during the same period last year.
Revenue rose 5.5 percent to $1.44 billion, from $1.36 billion a year ago. It would have risen more if not for foreign-exchange issues.
Not counting pension costs and other one-time items, the company said it would have earned $153 million, or 64 cents per share. On that basis, analysts surveyed by FactSet had been expecting a profit of 59 cents per share on revenue of $1.49 billion.
Operating income in its hospitality segment jumped to $23 million, from $5 million a year ago. Part of the gain was because of the benefit of its Aug. 24, 2011, acquisition of Radiant Systems.
Its retail solutions unit had operating income of $28 million, up from $19 million a year ago.
The company said it expects to earn $1.39 to $1.46 per share for the full year, or $2.40 to $2.47 not counting one-time items. On that basis, analysts had been expecting a 2012 profit of $2.46 per share.
NCR's rose 86 cents, or 3.9 percent, to $23.02 in aftermarket trading following the release of the earnings report.