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NCR Voyix Reports Lower-Than-Expected Q2 Non-GAAP Earnings, Revenue; 2024 Revenue Outlook Cut
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NCR Voyix Reports Lower-Than-Expected Q2 Non-GAAP Earnings, Revenue; 2024 Revenue Outlook Cut
Aug 6, 2024 7:06 AM

09:33 AM EDT, 08/06/2024 (MT Newswires) -- NCR Voyix ( VYX ) reported Q2 non-GAAP earnings Tuesday of $0.09 per diluted share.

Analysts polled by Capital IQ expected $0.17.

NCR Voyix ( VYX ) was formed after the company's ATM-focused business was spun off as NCR Atleos in October last year.

Revenue for the quarter ended June 30 was $876 million.

Analysts surveyed by Capital IQ expected $886.6 million.

The company also said it has agreed to sell its digital banking business to Veritas Capital to focus on its restaurants and retailers segments.

The company said it now expects 2024 revenue of $2.81 billion to $2.86 billion, down from its prior guidance of $3.60 billion to $3.70 billion. Analysts polled by Capital IQ expect $3.63 billion.

Shares of the company were up 10.4% in early trading Tuesday.

Price: 13.80, Change: +1.30, Percent Change: +10.40

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