However, the analysts can be forgiven for getting it so wrong. When the Dayton, Ohio-based company revealed full-year figures in November it said it expected to report a first-quarter loss of between $0.45 and $0.50. It will presumably offer an explanation for the unexpected change in its fortunes when it publishes its figures on April 24.
Revenue for the quarter is expected to be in line with analysts’ expectations of $1.23bn, down 1% on the same period last year.
CEO Mark Hurd said that while the uncertainty of the economic environment limited visibility, first-half performance reinforced confidence that it would meet expectations for the full year.
In November, the data warehousing to ATM vendor said that sales for the current year would be flat, with the only growth likely to come from data warehousing, where 0% to 5% expansion was expected, and retail store automation, where it expected 10% to 15% expansion.
NCR’s shares, which have halved in value in the past year, rose 11.2% to $20.43 on the news.
Source: Computerwire
