DULUTH, Ga. – NCR reported wider first quarter losses of $19 million, compared to a $15 million loss for the first quarter last year, due to pension expenses and costs from the relocation of its headquarters from Dayton, Ohio.
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First quarter net loss attributable to NCR includes $56 million in pension expenses and $5 million worth of incremental costs related to the relocation of the company's global headquarters.
First quarter revenues were up 2% to $1.03 billion.
The company also reported concerns about the funding of its pension plan, which was underfunded by about $1 billion at year-end 2009.
