NCR Atleos rises after raising annual profit forecast

Schneider National

13/11/2024 19:06

** Shares of ATM network NCR Atleos  NATL.N  jump as much as
13.2%, last up 5.6% at $30.67
    ** NATL on Tuesday forecast annual adjusted profit per share
to be about $3.12, compared to its prior forecast of $2.90 to
$3.05
    ** Co now expects annual revenue to be about $4.30 bln,
compared to its prior expectation of $4.26 bln to $4.30 bln
    ** Meanwhile, Q3 adjusted profit of 89 cents/shr beat Wall
Street expectations of 79 cent/shr — LSEG
    ** We expect to see higher demand for hardware driven by
both a typical replacement calendar and a desire for more
capable ATMs with recycling, tap and other technologies — CEO
Tim Oliver
    ** Oliver added that outsourcing of ATM-centric services by
financial institutions was accelerating as they look to revamp
branch infrastructure to manage costs and improve customer
experience
    ** As of last close, NATL shares up 19.6% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))