ATLANTA (AP) _ NCR Corp. (NCR) on Tuesday reported first-quarter profit of $37 million.
The Atlanta-based company said it had net income of 20 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 48 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of ATMs and other hardware and software to handle payments posted revenue of $1.54 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.51 billion.
NCR expects full-year earnings in the range of $2.75 to $2.85 per share.
NCR shares have increased 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.14, an increase of roughly 10% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCR at https://www.zacks.com/ap/NCR
Automated Insights, source Associated Press News