NCR's (NCR) profit climbed in the second quarter.
Earnings and Revenue
The company announced EPS of 49 cents a share against the 59 cents a share estimate.
The company's net income for the quarter was $80 million. According to the reported number, this is up 142.4% from last year's levels.
Company Fundamental Trends
History Against Expectations
The company missed estimates last quarter after meeting expectations the quarter before. It reported net income of 47 cents.
"Solid financial results and strong order growth in the second quarter, led by our Financial Services and Hospitality businesses, leave us on firm ground to achieve our full year objectives," said Bill Nuti, chairman and CEO of NCR. "U.S. regional banks continue to drive higher revenues as they embrace advanced customer service technologies and we are successfully capturing growth opportunities in key emerging markets as evidenced by order growth in Brazil during the second quarter. We have also continued to invest in innovation, most notably in our small and medium business offerings, with the recent introduction of NCR Silver. Our Hospitality vertical remains on track and we are actively strengthening our presence in key emerging markets such as Brazil. Looking ahead, we are focused on executing upon expanding global opportunities across our verticals while also further growing our software and services revenue and driving profitable growth."
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.