NCR Stock Recent News
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GFF and NCR made it to the Zacks Rank #1 (Strong Buy) value stocks list on July 6, 2023.
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NCR has taken the next step in spinning off its ATM business. The firm has filed the Form 10 registration statement with the Securities and Exchange Commission (SEC) for the planned spin-off, NCR said in a Monday (June 26) press release.
The latest partnership with NCR is likely to help the Members ATM Alliance streamline its managed service offerings and shift the operational management of its ATM operations to the enterprise technology provider.
ATLANTA--(BUSINESS WIRE)--NCR Corporation (NYSE: NCR), a leading enterprise technology provider, today announced that Chief Executive Officer Mike Hayford will participate in a fireside chat at the BofA Securities Global Technology Conference on June 7, at 1:40 p.m. Eastern Time. A live webcast and replay of the session will be available here for 90 days following the session. Additionally, Mr. Hayford will participate in a fireside chat at the RBC Capital Markets Financial Technology Conferenc.
In 2019, Blackstone exited its investment in NCR after 4 years in control, with its task of transforming NCR to an integrated software and services company presumably completed. Nevertheless, the new management continued on their own planned path of transformation, continuing to spend $100s of millions of dollars in the process, without discernible benefit to the bottom line.
NCR's Q1 results reflect strong execution, impressive growth across business segments, increased pricing and cost-saving actions.
While the top- and bottom-line numbers for NCR (NCR) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
As it readies to split NCR into two separate public companies, one focused on digital banking and POS systems and the other dedicated to its ATM network, the company is continuing to sign new deals for both segments.
NCR (NCR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.33 per share a year ago.