NCR Corp. (NCR) Tops Q1 EPS by 11c, Beats on Revenues; Offers 2Q EPS Guidance Below Consensus

NCR Corp. (NYSE: NCR) reported Q1 EPS of $0.56, $0.11 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.47 billion.

• Revenue of $1.52 billion, up 3% as reported, above previously provided guidance
• Software revenue up 2% driven by cloud revenue growth of 9%
• GAAP diluted EPS of $0.35; Non-GAAP diluted EPS of $0.56, above previously provided guidance
• Services revenue up 8% and gross margin expansion of 230 basis points
• $165 million of share repurchases completed in Q1 of the previously announced $300 million
• 2018 guidance reaffirmed

Q2 2018 Outlook

For the second quarter of 2018, revenue growth is expected to be down 1% to up 1%, GAAP diluted earnings per share is expected to be $0.12 to $0.30, and non-GAAP diluted earnings per share is expected to be $0.60 to $0.65. Income from operations includes an estimated pre-tax charge of $40 million to $60 million in the second quarter of 2018 related to the transformation initiatives described above.

NCR will provide additional information regarding its second quarter and full year 2018 guidance during its first quarter earnings conference call and webcast.

GUIDANCE:

NCR Corp. sees Q2 2018 EPS of $0.60-$0.65, versus the consensus of $0.75.

For earnings history and earnings-related data on NCR Corp. (NCR) click here.

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