NCR Corp. Shares Fall 3% After Pre-tax Charges Announced

NCR Corp. shares fell 3% in after-hours trade Tuesday after the company beat expectations but announced pre-tax charges for 2015. NCR reported net income of $35 million, or 22 cents a share, down from $297 million, or $1.21 a share, in the year-earlier period. The company said it had adjusted earnings per share of 88 cents, above the FactSet consensus of 78 cents. The company reported sales of $1.768 billion, up from $1.670 billion in the year-earlier period and above the FactSet consensus of $1.762 billion. NCR has an ongoing restructuring plan and said it expects to incur a pre-tax charge of $200 million to $225 million, with $163 million recorded in 2014 and the rest in 2015.