For the first quarter NCR reported earnings of 50 cents a share, beating the Capital IQ Consensus Estimate of 49 cents a share by 1 cent. Revenue grew 7.8% from the year-ago quarter to $1.52 billion, while analysts expected revenue of $1.51 billion.
Looking forward to 2014 NCR now expects revenue of $6.75 billion to $6.85 billion, and earnings of $3.00 to $3.10 a share. The new guidance calls for revenue growth of 10% to 12% in the year, down from the previous guidance of 12% to 14%. Analysts expect revenue of $6.85 billion and earnings of $3.05 a share for the year.
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TheStreet Ratings team rates NCR CORP as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate NCR CORP (NCR) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."