NCR raises 2006 earnings outlook

Source: NCR

NCR Corporation (NYSE:NCR) today announced that it anticipates fourth-quarter earnings to be $0.91 or more per share.

NCR now expects full-year earnings per share of $2.04 or more. NCR's previous earnings expectation for full-year 2006 was $1.90 to $1.95, which included $0.04 of expense related to an early retirement program in the first quarter of 2006. Excluding the early retirement expense, NCR's earnings per share for full-year 2006 is expected to be $2.08, or more.

NCR expects to report fourth-quarter revenue of more than $1.8 billion, an increase of 5 percent from the fourth quarter of 2005. The year-over-year revenue comparison is expected to include the benefit of 2 percentage points from foreign currency fluctuations.

On an annual basis, NCR expects to generate revenue of more than $6.1 billion, an increase of roughly 2 percent from 2005. The year-over-year revenue comparison is not expected to be affected by foreign currency fluctuations.

NCR expects 2007 earnings per share of $2.40 to $2.50. This earnings forecast does not reflect changes or charges related to the recently announced spin off of the company's Teradata Data Warehousing business, or charges associated with the restructuring of the company's Financial Self Service manufacturing operations.

NCR will report its finalized fourth-quarter and full-year 2006 results on Jan. 25, 2007. The company will provide more detailed information regarding its 2006 results and its outlook for 2007 during a conference call scheduled for 10:00 a.m. (ET) that day.

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