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NCR reports preliminary Q1 results, suspends share repurchase (NYSE:NCR)

NCR (NYSE:NCR) anticipates Q1 earnings in the variety of 1. 49B into 1.5B ) a consensus . 49B.

Segment operating earnings in the variety of 95M to $105M.

Net earnings in the variety of 15M to $25M.

Adj. EBITDA in the variety of $180M to $190M.

Cash and cash equivalents at the variety of $1. 19B into $1. 23B.

NCR has taken many actions to construct a cash book to optimize financial bandwidth and flexibility, such as suspending share repurchase applications, restricting M&A action, reducing wages, decreasing proposed capital expenditures, and eliminating builders, curtailing travel, freezing term raises and hiring and drawing on revolving bank facility.

Additionally, NCR states that”The current COVID-19 outbreak might materially adversely impact our business, financial condition and results of operations”.