ATLANTA - NCR (NYSE:VYX) Atleos Corporation (NYSE: NATL) reported second quarter earnings that exceeded analyst expectations, while revenue came in slightly below estimates. The company also narrowed its full-year 2024 guidance range.
NCR Atleos posted adjusted earnings per share of $0.81 for Q2, surpassing the analyst consensus of $0.52 by $0.29. Revenue for the quarter was $1.08 billion, just shy of the $1.1 billion analysts had projected.
The company's Q2 revenue grew 4% YoY to $1.08 billion, with recurring revenue increasing 9% to $793 million. Adjusted EBITDA came in at $193 million.
"The second quarter capped a highly successful first half of the year for NCR Atleos. We delivered strong financial results that were at the high-end or above our guidance ranges," said Tim Oliver, President and CEO.
For Q3 2024, NCR Atleos forecasts EPS of $0.71-$0.81 on revenue of $1.045-1.075 billion. This compares to analyst estimates of $0.90 EPS and $1.083 billion in revenue.
The company narrowed its full-year 2024 guidance, now expecting EPS of $2.90-$3.20 on revenue of $4.26-4.34 billion. The previous revenue guidance was $4.20-4.40 billion.
NCR Atleos reaffirmed its full-year adjusted EBITDA target of $770-800 million and raised the low end of its adjusted free cash flow guidance to $190-220 million.
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