NCR downgrades expectations
Dayton Business Journal
NCR Corp. this morning said its second-quarter earnings and revenues will be lower than expected.
Dayton-based NCR said earnings will range between 35 cents per share and 37 cents per share. Analysts with Thomson Financial/First Call had forecast quarterly earnings of 57 cents per share.
The company said revenue will be about $1.5 billion, with the data warehousing business generating 2 percent growth and the healthier retail store automation and financial self-service businesses generating 7 percent growth.
The soft economy, NCR said, has led its Teradata customers to "be more cautious" in expanding existing systems. Customers with more than $60 million of upgrades postponed purchasing decisions in the final days of the quarter, the company said.
The second quarter ended June 30 for NCR, http://www.ncr.com. A conference call is scheduled 10:30 a.m. July 17 to discuss the company's quarterly performance.
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