Higher Net At NCR

April 28, 2006, 1:00 a.m. EDT 1 Min Read

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.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Marketing

What a bank's TV ads say about its actual business

A new study has decoded banks' television commercials, analyzing what the messaging reveals about the bank behind the advertisement. When an ad leans too hard on emotions, researchers found, viewers should beware.

By Nathan Place

7h ago
Fannie Mae

Fannie Mae laying off 62 in DEI, COO, and other units: Pulte

The head of the government-sponsored enterprise's oversight agency said the cuts were made to positions that weren't central to mortgages and new home sales.

By Bonnie Sinnock

October 30
Earnings

How First Interstate is responding to activist pressure

The Billings, Montana-based bank finds itself in the crosshairs of a high-profile activist investor. On Thursday, it stuck to its organic growth plan and said it isn't interested in using its excess capital to restructure its securities book.

By Allissa Kline

October 30
SBA

Top SBA lenders left in the lurch by government shutdown

Top SBA lenders are warning about the impact of a prolonged shutdown. NewtekOne skipped providing fourth-quarter guidance after its CEO said the situation was too cloudy to forecast.

By John Reosti

October 30
Artificial intelligence

Starling rolls out new AI scam advisor tool

The U.K. bank's "Scam Intelligence" tool uses Google's Gemini to analyze images and texts for red flags, aiming to reduce losses from authorized push payment fraud.

By Carter Pape

October 30
Artificial intelligence

Insurers likely to exclude gen AI, startups wait in wings

A commonly used standard for property and casualty insurance will offer a carve-out for generative AI liability starting in January. Startups like Testudo, Vouch and Armilla AI stand by to scoop up that business.

By Penny Crosman

October 30