Why NCR Shares Jumped Today [The Motley Fool]
NCR Corporation (NCR)
Last ncr corporation earnings: 4/30 04:05 pm
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Source: The Motley Fool
Investors were pleased with third-quarter earnings results. Evan Niu, CFA ( TMFNewCow ) Oct 31, 2018 at 12:19PM What happened Shares of NCR Corporation ( NYSE:NCR ) have jumped today, up by 15% as of 11 a.m. EDT, after the company reported third-quarter earnings . The maker of ATMs and point-of-sale cash registers posted better-than-expected profits. So what Revenue in the third quarter fell 7% to $1.55 billion, which translated into non- GAAP earnings per share of $0.58. Analysts had been modeling for $1.58 billion in revenue and an adjusted profit of $0.52 per share. That better-than-expected profitability was thanks in part to services gross margin expanding by 70 basis points. Cloud revenue was also up 6%. NCR also recently announced an agreement to acquire JetPay for $184 million, which the company says will expand its payment processin
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