- 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.
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- 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.
Victoria’s Secret Raises Q4 Outlook: Sees Revenue Decline Of 7% – 8% From High-Single Digit Decline Prior, Operating Income Of $265M – $275M From $245M – $265M Prior
Concurrent with the announcement of the planned ASR, the Company is increasing its fourth quarter 2022 sales, operating income, and earnings per share guidance. Operating income is now forecasted to be in the range of
