NCR Corp. Boosts Guidance

NCR Corp. ( NCR ) Thursday jacked full-year earnings guidance, saying there were signs that "capital spending for information technology may be improving."

The Dayton, Ohio-based company forecast EPS of $1.10 to $1.15 from a previous forecast calling for 85 cents to 95 cents a share. The consensus view is 92 cents a share, according to Thomson First Call.

The computer services company also said it expects a loss of 5 cents to 10 cents a share in the traditionally slow first quarter, which is much better than the consensus estimate of analysts calling for a loss of 27 cents a share. NCR said quarterly revenue would hit $1.27 billion to $1.29 billion, vs. a consensus view of $1.25 billion.

NCR said it will provide more details on its higher full-year guidance when it releases its first-quarter results April 29. Shares rose 94 cents, or 2%, to $47.19.

More from Technology

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Listen: Will Smart Technologies Woo Millennials Back to Motorcycle Riding?

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla's $78,000 Model 3 Is a Bargain. Here's Why

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Tesla Model 3 Delivery Time Falls, but Will It Help the Stock?

Baidu Stock Plummets After COO Qi Lu Resignation

Baidu Stock Plummets After COO Qi Lu Resignation