NCR Atleos Q3 EPS $(0.82) Down From $0.91 YoY, Sales $1.07B Up From $1.03B YoY
Portfolio Pulse from Benzinga Newsdesk
NCR Atleos reported a significant decrease in Q3 EPS to $(0.82) from $0.91 YoY, despite a slight increase in sales to $1.07B from $1.03B YoY.
November 14, 2023 | 9:48 pm
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NEGATIVE IMPACT
NCR Atleos experienced a drastic decline in Q3 EPS, which could negatively impact investor sentiment and stock price in the short term.
The substantial decrease in EPS indicates a significant reduction in profitability compared to the previous year, which is typically viewed unfavorably by investors. Although there was a slight increase in sales, the negative earnings could overshadow this and lead to a decrease in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100