DAYTON, Ohio – ATM manufacturer NCR Corp. said fourth quarter earnings declined 55% due to costs related to its spin-off of its Teradata data warehousing unit and higher taxes.
Fourth-quarter earnings fell to $79 million, or 43 cents a share, compared with $174 million, or 96 cents a share, a year ago. Fourth-quarter revenues rose 15% to $1.52 billion.
The tax rate for the company in the fourth quarter was 29%, compared to just 3% in the fourth quarter of 2006, when certain items reduced its taxes.
NCR's ATM division generated fourth-quarter revenue of $537 million, an increase of 14% over the same period in 2006. And the unit that makes checkout scanners for retailers reported revenue of $331 million, up 28% from the previous year.
For the full year, revenues were up 9% to $5 billion, but earnings were down 31% to $264 million, or $1.45 a share.
