Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 10, 2012

Article Excerpt

NCR CORP., $21.14, New York symbol NCR, jumped 11% this week after it agreed to sell its DVD rental business, which operates through automated kiosks, to Coinstar Inc. (Nasdaq symbol CSTR) for $100 million. NCR has also agreed to provide Coinstar with maintenance services, hardware and software. That will boost NCR’s profits by $25 million over the deal’s five-year term. The sale should close in the third quarter of 2012. Meanwhile, NCR reported better-than-expected earnings for 2011. During the year, the company earned $49 million, or $0.31 a share. That’s down 58.8% from $119 million, or $0.72 a share, in 2010. However, if you exclude writedowns and other unusual items, NCR would have earned $1.92 a share in 2011. That beat the consensus estimate of $1.83. Revenue rose 13.2% in 2011, to $5.4 billion from $4.8 billion. That’s mainly because of a 13% jump in automated teller machine sales. Sales of checkout scanners and cash registers rose 3%. NCR expects its 2012 revenue to…