NCR Corp (NCR) reported earnings on Thur 19 Oct 2017 (a/h)

** charts before earnings **

 

** daily **

** monthly **

** charts after earnings **

  

NCR Corp beats by $0.03, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY17 EPS below consensus, revs below consensus

• Reports Q3 (Sep) earnings of $0.93 per share, excluding non-recurring items, $0.03 better thanthe Capital IQ Consensus of $0.90; revenues fell 0.8% year/year to $1.66 bln vs the $1.68 bln Capital IQ Consensus.
  • "Third quarter results were within the range of our Q3 guidance for revenue and earnings, but orders, particularly for ATMs, were disappointing, and the primary cause of our need to reduce our full year guidance," said Chairman and CEO Bill Nuti. "ATM orders continue to be negatively impacted by large customer delays in spending in North America, weakness in India, the Middle East and Africa, and the upcoming Windows 10 conversion. On the positive side, we saw strong net ACV growth again this quarter as a result of our customers embracing our SaaS solutions in digital banking and in our hospitality cloud portfolio."
• Co issues downside guidance for Q4, sees EPS of $0.83-$0.93, excluding non-recurring items, vs. $1.11 Capital IQ Consensus Estimate; sees Q4 revs of $1.74-$1.79 bln vs. $1.92 bln Capital IQ Consensus Estimate.
• Co issues downside guidance for FY17, sees EPS of $3.10-$3.20, excluding non-recurring items, vs. $3.36 Capital IQ Consensus Estimate; sees FY17 revs of $6.475-$6.525 bln vs. $6.68 bln Capital IQ Consensus Estimate.
• We now expect net cash provided by operating activities to be $745 million to $775 million (previous guidance of $805 million and $830 million) and free cash flow to be $440 million to $470 million (previous guidance of $500 million to $525 million). The decrease in the cash flow guidance is due to the impact of lower revenue.