RTTNews | Aug 4, 2021 12:04PM EDT

12:03 Wednesday, August 4, 2021 (RTTNews.com) - Georgia-based technology company NCR Corporation (NCR) is 10% down in the Street on Wednesday after posting a loss in the second quarter. But earnings managed to meet analysts' estimates.

The net loss posted by the company was $13 million or $0.10 loss per share, compared to a profit of $57 million or $0.44 earnings per share last year.

On an adjusted basis, the income was $281 million or $0.62 earnings per share, up from $201 million or $0.27 per share last year. Nine analysts estimated the earnings to be $0.62.

The revenue was $1.67 billion, up from $1.48 billion. Seven analysts polled estimated the revenue to be $1.61 billion.

The shares are trading at $40.06, down $4.10 or 9.30% from their previous close at $44.16. The shares opened at $40.86 in the morning and in the 52-week period, the shares have ranged between $18.30 and $50.00.

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