Why NCR Corporation Stock Lost 14.5% in October

Why NCR Corporation Stock Lost 14.5% in October

NCR Corportation (NYSE: NCR) stock fell 14.5% in October according to data provided by S&P Global Market Intelligence. Shares dipped following the release of its third-quarter results that arrived with a lowered full-year earnings outlook.

Image source: NCR Corporation. 

NCR's October 19 earnings release saw it deliver earnings per share of $0.93, which topped the average analyst estimate of $0.90, but a downward revision for its full-year targets weighed on the stock.

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Source: Fool.com