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Company Earnings Update

NCR Corp (NYSE: NCR) 2Q19 Results: Handily Beats Consensus Estimates, Huge ATM Growth, Raises Annual Revenue Guidance

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Coresight Research

Key Points

  • NCR reported 2Q19 revenues of $1.71 billion, up 11.3% and ahead of the $1.58 billion consensus estimate. Adjusted EPS was $0.76, up 16.9% and beating the $0.67 consensus estimate.
  • Banking revenue increased 19.7% year over year, driven by ATM revenue, which was up 78% in constant currency. Revenues in retail and hospitality also increased year over year.
  • The company raised 2019 revenue guidance growth to up 3-4% from up 1-2% previously and reiterated adjusted EPS guidance of $2.75-2.85 (up 5-9%).

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