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NCR profits jump 41 percent on record sales to banks



By AP
07 May 2008 @ 07:41 am EST

DAYTON, Ohio - Cash-machine maker NCR Corp. says its first-quarter earnings increased 41 percent on record sales to banks and retailers and the sale of a manufacturing plant in Canada.

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NCR, which also makes checkout scanners for the retail stores and other self-service technology, said Wednesday it earned $48 million, or 28 cents a share, in the quarter ended March 31, compared with $34 million, or 19 cents a share, for the same period in 2007.

NCR reported revenue of $1.18 billion compared with $992 million in 2007.

Analysts surveyed by Thomson Financial expected earnings of 17 cents a share on revenue of $1.06 billion.

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