NCR Investors Cash Out on Sales Weakness
Cash registers are fading into history, but NCR (NYSE: NCR) has found ways to move its business forward by expanding its reach beyond making the equipment that cashiers use to make sales to their customers. NCR's offerings now include more sophisticated payment-processing equipment, along with the software and services that clients need to run their businesses more smoothly. So far, the company has done well, even against rising competition.
Coming into Thursday's second-quarter financial report, NCR investors were prepared to see flat sales, but wanted solid bottom-line strength. NCR delivered on the income front, but greater sales declines than expected raised some concerns among investors who had hoped for an upside surprise. Let's take a closer look at NCR and what its latest results mean for its future direction.
Image source: NCR.
Source: Fool.com
