ATLANTA (AP) _ NCR Corp. (NCR) on Tuesday reported first-quarter profit of $30 million.
The Atlanta-based company said it had profit of 19 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 51 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of ATMs and other hardware and software to handle payments posted revenue of $1.54 billion in the period.
NCR shares have risen 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $42.28, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCR at https://www.zacks.com/ap/NCR
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