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NCR to miss 4Q mark
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January 12, 2001: 9:34 a.m. ET
Company cites soft retail environment, but affirms targets for the year
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NEW YORK (CNNfn) - NCR Corp. said Friday that a struggling retail sales environment will hurt its fourth-quarter revenue, with earnings for the quarter coming in below Wall Street expectations.
NCR, which provides technology for retailers and financial institutions, said revenue will about $1.79 billion, up 2 percent from the year before. The company had been predicting an increase of 5 percent.
 The company said fourth-quarter earnings will be between $1 and $1.05 per share, below First Call consensus estimates of $1.14.
"We had a strong fourth quarter in Financial Self Service and we continued to aggressively grow our Data Warehousing business," NCR Chairman and CEO Lars Nyberg said. "But despite 14 percent revenue growth in the quarter for Retail Store Automation, this was below the levels we expected based on a strong backlog and customers' keen interest in our new retail products."
NCR said its growth targets for 2001 remain the same, at about $2.80 to $2.90 per share.
PC makers Hewlett-Packard and Gateway recently warned about upcoming results.
NCR (NCR: Research, Estimates) shares rose 25 cents to $49.06 Thursday. 
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NCR
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