NCR Announces Preliminary First-Quarter Results
NCR Corporation (NYSE: NCR) today announced select preliminary financial results for the quarter ended March 31, 2012. The company’s first quarter preliminary results exceeded its expectations and previously issued guidance.
NCR's preliminary results for the 2012 first quarter include:
| Preliminary Results | ||||
| Revenue | $1.24 billion | |||
| Income from Operations (GAAP) | $49 million | |||
| Non-pension operating income (2) | $101 million | |||
| Diluted earnings per share (GAAP) | $0.23 | |||
| Diluted earnings per share excluding pension | ||||
| expense and special items (non-GAAP) (2) | $0.47 | |||
The company previously expected first quarter 2012 non-pension operating income (NPOI) (2) and income from operations to be in the range of $85 million to $90 million and $37 million to $42 million, respectively.
The results and cash flows of the company’s Entertainment line of business have been classified as discontinued operations and, as a result, are excluded from the 2011 and 2012 results, and revised 2012 guidance, included in this release.
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