DAYTON, Ohio - (04/28/06) -- ATM manufacturer NCR Corp. said netincome for its first quarter rose 37% to $41 million, or 22 cents ashare, due to a lowering of the company's tax rate in the quarterfrom the same period last year. First quarter results also included$3 million higher interest income and did not include a $10 millioncharge reported in last year's first quarter due to the reducedbook value of the company's investment in a company calledSystemedia. Total revenues declined 4% for the quarter to $1.28billion, due mostly to the negative impact of currencyfluctuations. First quarter results included a $6 million chargefor the adoption of Financial Accounting Statement 123 theexpensing of employee stock options, and a $9 million pensionexpense associated with an early retirement program.
Higher Net At NCR
April 28, 2006, 1:00 a.m. EDT 1 Min Read
