NCR's Cash Machine Is Up and Running
The world has moved on from old-style cash registers, but NCR (NYSE: NCR) lives on as a provider of business equipment for cash and checkout handling. As a leading provider of automated teller machines as well as self-checkout stations and various other services, NCR has done a good job of reinventing itself and finding new ways to grow.
Coming into Tuesday's second-quarter financial report, NCR investors were hoping to see at least modest growth in sales and profits. The numbers NCR put up were actually better than most had expected, and the company sees a brighter future ahead for its business.
NCR's second-quarter results showed renewed strength after going through a tough period. Revenue of $1.71 billion was up 11% from year-ago levels, dramatically exceeding the 3% growth rate that most of those following the stock were banking on seeing. Similarly, adjusted net income picked up 20% to $116 million, and adjusted earnings of $0.76 per share were quite a bit better than the $0.67 per share consensus forecast among investors.
Quelle Fool.com
