NCR reports beat-and-raise

NCR (NYSE:NCR) reports Q3 beats and raises its FY revenue growth forecast from 3-4% to 5-6% with EPS of $2.75-2.85 (consensus: $2.82).

Q3 Banking revenue was up 21% Y/Y in constant currency to $942M. Retail revenue grew 13% to $539M. Hospitality sales were up 13% to $216M.

Net income from consolidated operations totaled $105M.

Adjusted EBITDA totaled $278M.

Gross margin was 28.8% compared to last year's 27.4%.

Earnings call starts at 4:30 PM ET with a webcast here.

Press release.

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