Why NCR Shares Are Trading Higher Today

NCR Corp (NYSE:NCR) is amid exclusive talks for sale to private-equity firm Veritas Capital, the Wall Street Journal reports. NCR…
  • NCR Corp (NYSE:NCR) is amid exclusive talks for sale to private-equity firm Veritas Capital, the Wall Street Journal reports. NCR has a market value of $4 billion.
  • Lately, Kohl’s Corp (NYSE:KSS) and Walgreens Boots Alliance, Inc (NASDAQ:WBA) ended strategic reviews without striking deals citing challenges in the financing market.
  • Also Read: Here’s Why Zendesk Shares Are Trading Higher Today
  • NCR clocked 21% revenue growth to $1.86 billion in Q1, missing its guidance of $1.9 billion – $1.95 billion. NCR downsized its full-year guidance to $8 billion in revenue, citing Q1 shortfall and expected net residual impact across the remainder of the year.
  • In February, NCR, formerly known as the National Cash Register Co. and once part of AT&T Inc (NYSE:T), launched a strategic review process. 
  • Price Action: NCR shares traded higher by 9.45% at $31.85 in the premarket on the last check Tuesday.
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