NCR net income decreased 10% in third period
Article Abstract:
NCR Corp's earnings fell to $93.1 million for the 3rd qtr 1989, a drop of 10 percent over the 1988 figure. The computer company cites intense competition as the reason for the drop in its gross profit margins. While net income dropped 10 percent from 103.1 million, per-share profit dropped only two percent to $1.23 a share from $1.26 a share. It will be difficult for NCR to surpass 1988 revenue for several reasons. NCR sells more than half its goods outside the US, so a strong dollar could negatively affect 4th qtr figures. NCR sells ATMs and computerized cash registers to banks and the retail trade, industries that have not performed well in 1989. In addition, the computer industry itself has slowed in 1989. NCR's cumulative revenue for the first nine months of 1989 are $264.6 million, or $3.40 a share, a decline of nine percent over 1988. Revenues are off one percent, to $4.17 billion.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1989
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NCR posts 24% drop in 4th-period net; cost of fighting AT&T bid hurt results
Article Abstract:
NCR Corp reports that 4th qtr 1991 net income is down 24 percent, and revenue increases by six percent. The results are slightly worse than analysts predicted, and NCR's stock falls $1.625, closing at $83.375. NCR says a significant part of its disappointing showing is due to the costs of fighting off AT and T's hostile takeover bid. On the quarter, NCR's net income declined to $111 million from $147 million in the same period a year ago. Revenue for the most recent quarter is $1.90 billion, up from $1.79 billion a year ago. NCR states that all of its revenue growth came from overseas, with US sales declining. The firm expects income to decline in the first have of 1991, but it anticipates the second half will be strong enough to make the entire year profitable.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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NCR '91 results to be 'materially below' forecasts made to AT&T during talks
Article Abstract:
NCR reports that its earnings for fiscal 1991 will not come close to the predictions that were discussed during the merger talks with AT and T. The computer company says that a recessionary economy and a decrease in overseas orders is responsible for the lowered estimate on earnings. The early estimate for revenue in 1991 was $6.62 billion, which includes $678 million in income before taxes and $386 million in net income. NCR also projected revenue of $7.3 billion in 1992, $10.3 billion in 1995 and $16.84 billion by 2000. The company did not say whether its long term projections have changed. Industry observers note that 1992 will be a pivotal year for NCR.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1991
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