ATM and cash dispenser maker NCR Corp. (NCR) reported that its first-quarter net income attributable to the company was $61 million or $0.36 per share, compared to net loss of $19 million or $0.12 per share in the year ago quarter.
Income attributable to the company from continuing operations was $62 million, or $0.37 per share, compared to loss from continuing operations of $10 million, or $0.06 per share, in the fourth quarter of 2011.
Excluding pension and special items, non-GAAP income from continuing operations in the first quarter of 2013 was $129 million, or $0.54 per share, compared to $101 million, or $0.47 per share, in the prior-year period. Analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue for the latest first quarter was $1.41 billion, up from $1.24 billion last year. Analysts estimated revenues of $1.34 billion for the quarter.
The company expects second quarter 2013 non-pension operating income or NPOI to be in the range of $175 million to $180 million, compared to $154 million in the second quarter of 2012, and second quarter 2013 income from operations to be in the range of $126 million to $131 million, compared to $130 million in the second quarter of 2012.
NCR expects full-year 2013 revenues to increase in the range of 9% to 11% on a constant currency basis compared with 2012.
NCR expects its full-year 2013 GAAP Income from Operations to be $546 million to $566 million, non-pension operating income or NPOI to be in the range of $7005 to $720 million, GAAP earnings per share to be $2.08 to $2.18 and non-GAAP earnings per share to be in the range of $2.70 to $2.80 per share.
Earlier, the company expected full-year 2013 GAAP Income from Operations to be $548 million to $563 million, non-pension operating income or NPOI to be in the range of $695 to $710 million, GAAP earnings per share to be $2.06 to $2.16 and non-GAAP earnings per share to be in the range of $2.65 to $2.75 per share.
Analysts expect the company to report earnings of $2.71 per share on revenues of $6.31 billion for fiscal 2013.
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