Why Shares of NCR Corp. Dropped Today

Shares of software and hardware company NCR Corp. (NYSE: NCR) slumped on Friday following a mixed second-quarter report. NCR beat on earnings but missed analyst estimates for revenue, which was dragged down by currency and divestitures. As of 11:00 a.m. EDT, the stock was down about 9%.

NCR reported second-quarter revenue of $1.59 billion, down 2% year over year and about $20 million short of the average analyst estimate. Revenue was up 3% excluding the negative impacts from currency exchange rates and the divestiture of the interactive printer solutions business.

Image source: NCR Corp.

Source: Fool.com