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Stock Market & Financial Investment News

News Breaks
April 10, 2014
08:02 EDTNCRNCR Corp. software selected by Tevis Oil
NCR Corporation announced that Tevis Oil Company has selected NCR’s Radiant point-of-sale technology solutions to improve service and reliability at its Jiffy Mart convenience store chain.
News For NCR From The Last 14 Days
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October 24, 2014
10:03 EDTNCROn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Align Technology (ALGN) upgraded to Buy from Hold at Jefferies... Brandywine Realty (BDN) upgraded to Buy from Hold at Stifel... Buffalo Wild Wings (BWLD) upgraded to Buy from Hold at Feltl... Carpenter Technology (CRS) upgraded to Overweight from Neutral at JPMorgan... Check Point (CHKP) upgraded to Buy from Hold at Needham... Diamond Offshore (DO) upgraded at ISI Group... Digital Realty (DLR) upgraded to Market Perform from Underperform at Cowen... EQT Corporation (EQT) upgraded to Buy from Neutral at SunTrust... Education Realty (EDR) upgraded to Buy from Hold at MLV & Co.... Gigamon (GIMO) upgraded to Neutral from Underperform at BofA/Merrill... Halliburton (HAL) upgraded to Buy from Neutral at Citigroup... Invacare (IVC) upgraded at KeyBanc... Knight Transportation (KNX) upgraded to Neutral from Underperform at Credit Suisse... Logitech (LOGI) upgraded to Buy from Neutral at UBS... Lorillard (LO) upgraded to Market Perform from Underperform at Cowen... Maxim Integrated (MXIM) upgraded to Buy from Hold at Deutsche Bank... NCR Corp. (NCR) upgraded to Neutral from Sell at Goldman... Nabors Industries (NBR) upgraded to Buy from Hold at Argus... Nucor (NUE) upgraded to Outperform from Underperform at CLSA... Old National Bancorp (ONB) upgraded to Buy from Neutral at DA Davidson... Plexus (PLXS) upgraded to Outperform from Market Perform at Raymond James... Potash (POT) upgraded to Buy from Hold at TD Securities... Reliance Steel (RS) upgraded to Buy from Hold at Jefferies... ResMed (RMD) upgraded to Outperform from Market Perform at William Blair... Royal Dutch Shell (RDS.A) upgraded to Buy from Neutral at UBS... Swift Transport (SWFT) upgraded to Buy from Hold at Stifel... Vulcan Materials (VMC) upgraded to Overweight from Equal Weight at Stephens... Weatherford (WFT) upgraded to Buy from Neutral at Citigroup.
05:26 EDTNCRNCR Corp. upgraded to Neutral from Sell at Goldman
Goldman Sachs upgraded NCR Corp. to Neutral citing the recent underperformance of shares and more realistic consensus expectations. The firm raised its price target for shares to $26 from $25.
October 23, 2014
16:13 EDTNCRNCR Corp. lowers FY14 EPS guidance to $2.60-$2.70 from $3.00-$3.10
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16:11 EDTNCRNCR Corp. reports Q3 EPS 67c, consensus 70c
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October 21, 2014
13:26 EDTNCRMarcato changes NCR stake to active, seeks board seat
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13:20 EDTNCRMarcato reports 6.5% activist stake in NCR Corp.
October 20, 2014
16:20 EDTNCROn The Fly: Closing Wrap
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12:37 EDTNCROn The Fly: Midday Wrap
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12:28 EDTNCRNCR Corp. plummets after guidance lowered
Shares of payment solutions company NCR Corp. (NCR) are sinking after the firm’s third quarter forecasts missed analysts’ consensus estimates and it lowered its outlook for fiscal 2014. WHAT'S NEW: This morning, NCR Corp. forecast Q3 EPS of 67c and revenue of $1.647B, below analysts' consensus estimates of 71c and $1.66B, respectively. Q3 free cash flow is seen at $132M, which includes the previously announced recovery of $93M related to the Fox River environmental matter. The company cited a challenging retail market as well as difficult global macroeconomic conditions, including foreign currency headwinds, for the weak outlook. WHAT'S NOTABLE: NCR Corp. lowered its FY14 EPS view to $2.60-$2.70 from $3.00-$3.10, compared to consensus of $3.00. It also cut its FY14 revenue outlook to $6.575B- $6.625B from $6.75B-$6.85B, versus consensus of $6.74B. The company said, “While we are disappointed by these results, our Financial Services business remains a bright spot, Q3 free cash flow improvement was strong, and our previously announced restructuring program is on track to deliver annual run-rate savings of approximately $90M by 2016. While we continue to be faced with challenging and uncertain market dynamics, we remain confident in the actions we are taking to address these challenges, including strengthening our Retail Solutions team and talent, as well as utilizing our restructuring program to allocate more resources to our highest growth, highest margin opportunities to drive long-term profitable growth.” PRICE ACTION: In afternoon trading, NCR Corp. fell $6.43, or about 21.5%, to $23.45 on nearly five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $23.32. Including today's pull back, the shares have lost approximately 41% over the past 12 months. OTHERS TO WATCH: Other companies in the payment solutions business include VeriFone Systems (PAY) and Diebold (DBD).
10:38 EDTNCRHigh option volume stocks
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09:22 EDTNCROn The Fly: Pre-market Movers
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07:12 EDTNCRNCR Corp. sees FY14 NPOI $810M-$830M
In regards to FY14, says software-related revenue is expected to be $1.7B-$1.725B compared to previous guidance of $1.775B-$1.825B. Free cash flow, which includes the $93M Fox River environmental recovery, is expected to be approximately $225M-$275M versus our previous guidance of $250M-$300M.
07:10 EDTNCRNCR says restructuring program on track for $90M run-rate savings by 2016
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07:03 EDTNCRNCR Corp. now sees FY14 EPS $2.60-$2.70, consensus $3.00
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07:02 EDTNCRNCR Corp. expects Q3 free cash flow $132M
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07:01 EDTNCRNCR Corp. expects Q3 EPS 67c, consensus 71c
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